The Constitution and the Economy
Author: National Council on Economic Education
Students provide their own examples of the six characteristics of a market economy as they exist in the United States today. Then they see how the U.S. Constitution supports those characteristics by reading relevant portions of the Constitution, and matching these provisions with the six characteristics of a market economy. The lesson concludes by having the students read and discuss relevant portions of the Constitution of the People’s Republic of China. They then write essays contrasting the impact of the economic provisions of the two constitutions on the characteristics of each nation’s economy.
- Describe the six basic characteristics of a market economy
- Identify some provisions of the U.S Constitution that foster and support a market economy
- Match provisions in the Constitution with the basic characteristics of a market economy
- Contrast the economic provisions of the U.S. Constitution with the economic provisions of the Constitution of the People’s Republic of China
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