ALLOCATION AND

ECONOMIC
SYSTEMS
MS. RITCHIE A. MAGADIA, LPT, MAEd
Social Studies Teacher
University of Batangas
 In this lesson, you are expected to:

01 02 03
Analyze the Examine the Assume shared
relationship of mechanism of responsibility for
allocation to scarcity allocation in the collaborative work,
and to needs and different and value
wants. economic system as the individual
an answer to contributions made
scarcity by each team
member.
LET US UNCOVER 
Think
Aloud!
ALLOCATION

Allocation plays an
important role in addressing
the problems of scarcity and
unlimited needs and wants.
With the help of the market,
WHAT IS ALLOCATION? products and services are
produced and distributed so
that people from different
areas can have the chance to
buy goods and satisfy their
THE ECONOMIC
SYSTEMS
 TYPES OF ECONOMIC SYSTEMS

A.
1. 2. 3.
Tradition B. Market
Feudalis Mercantil Capitalis
al Economy
m ism m
Economy C.
1.
Comman 2. 3.
Communi
d Socialism Fascism
sm
Economy
Traditional
Economy
Market
Economy
Market • Feudalism
• Mercantilism
Economy • Capitalism
Feudalism
Mercantilism
Capitalism
Command
Economy
Command • Communism
• Socialism
Economy • Fascism
Communism
Socialism
SUMMARY:
SUMMARY:
 ACTIVITY
Go to your LMS( to
be given on your asynchronous
Time)
THANK YOU FOR
LISTENING!
MS. RITCHIE A. MAGADIA, LPT, MAEd
Social Studies Teacher
University of Batangas
ALLOCATION AND
ECONOMIC
SYSTEMS
MS. RITCHIE A. MAGADIA, LPT, MAEd
Social Studies Teacher
University of Batangas