This lesson teaches the basics about the market economy, including the relationships between consumers and producers, supply and demand, and profit and incentive. Students learn six traits of a market economy, compare the market economy to other types of economies, identify opportunity costs, and much more. We recommend teaching this lesson before the other lessons in this unit.



I find the materials so engaging, relevant, and easy to understand – I now use iCivics as a central resource, and use the textbook as a supplemental tool. The games are invaluable for applying the concepts we learn in class. My seniors LOVE iCivics.
Lynna Landry , AP US History & Government / Economics Teacher and Department Chair, California