Agriculture and Economics Part 2

This is part 2 of our Agriculture and Economies lesson. In part 1, we went over the agricultural and industrial revolutions that made our economies possible.

In this lesson, we go over the 4 Economic Activities (Primary, Secondary, Tertiary, and Quaternary) and the types of Natural Resources. Then, we go over the types of economic systems. We meet Adam Smith and Karl Marx and discuss Free Market, Command (Socialism & Communism), and Mixed Economies. We also briefly discuss Mercantilism and we describe traditional economies.

While all audiences can benefit from this lesson, it is specifically written for a World Geography studies course satisfying multiple standards within the Texas Education Knowledge Standards (TEKS).