What is a command economy?

In a command economy, central planners decide what is made. Students match a statement about planners setting steel and coal goals to it.

What does inflation do to buying power?

When prices rise, the same dollars buy less. The sheet shows a negative real change as less buying power.

7th Grade Economic Systems Worksheets

Ages 12-13 · Free previews · Print-ready PDFs

Written by Adi Ackerman, Head Teacher

An economic system is the way a society decides what to make, how to make it and who gets it. There are 2 sheets for 7th grade here, each with an answer key. Economic Systems Through History matches five cases, from an English manor around 1200 to Ottoman guilds around 1600, to systems such as the manor system and mercantilism. Inflation, CPI and Purchasing Power builds a price index from a sample basket.

7th Grade Social Studies Economics and Money Economic systems Clear All

Economic Systems Through History

Grade7th Grade

TopicEconomics and Money

Inflation, CPI and Purchasing Power

Grade7th Grade

TopicEconomics and Money

More economics and money worksheets

Explore all of our 7th grade economics and money worksheets, covering personal finance, needs, wants and choices, economic systems, taxes and what they fund, and more.

Personal finance Needs, wants and choices Taxes and what they fund Supply and demand

Frequently Asked Questions

In a mixed economy, markets and government share the decisions.

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