Lesson Plan

• Identify the key advantages of a mixed economic system.
• Explain how market mechanisms and government intervention combine to improve resource allocation and equity.
• Evaluate why many countries adopt mixed economies, citing efficiency, stability and social welfare.
• Compare mixed economies with pure market and command systems regarding allocation, distribution and innovation.

• Projector or interactive whiteboard
• Slide presentation on mixed economies
• Handout with advantage summary table
• Venn‑diagram worksheet
• Markers and chart paper
• Exit‑ticket cards

Begin with a quick poll: “Which economic system do you think works best for your country and why?” Connect responses to prior knowledge of market and command economies. Explain that today’s success criteria are to list the main advantages of a mixed system and justify why it is widely adopted.

1. Do‑now (5’) – Students write poll answers on sticky notes; teacher records ideas.
2. Mini‑lecture (10’) – Define mixed economy and display a Venn‑diagram slide.
3. Guided analysis (12’) – Examine each advantage with real‑world examples.
4. Comparison activity (10’) – Pairs fill a three‑column table contrasting mixed, market, and command economies.
5. Group discussion (8’) – Evaluate why many countries choose mixed systems, linking to efficiency, equity, and flexibility.
6. Check for understanding (5’) – Quick Kahoot quiz on key advantages.
7. Exit ticket (5’) – Write one advantage and one potential challenge of mixed economies.

Summarise that mixed economies aim to blend efficiency with equity, using both market forces and government action. Collect exit tickets as retrieval practice. For homework, assign a short essay comparing the mixed system of a chosen country with a pure market system.