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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