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Review Lesson 3

Directons: Answer each of the questions below.

1. Use a real-life example to describe the following allocation methods. Hint: Use family, friends, teams, church, and/or clubs for examples.

• Brute Force
• Market
• Queuing
• Random Selection
• Tradition
• Equal Shares
• Need
• Planned

2. Explain the Market System. Give an in-depth example of a Market System.

3. Explain the Planned System. Give an in-depth example of a Planned System.

4. Which allocation system do you think is the most productive or the fairest? Explain.

5. Compare and contrast the Market System and the Planned System.

 

 

 

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