Economic Systems

Front

Government makes most economic decisions.

Back

Command

Front

Supply and demand determine economic decisions. Options: Market, Mixed, Traditional, Command

Back

Market

Front

Market and command combined.

Back

Mixed

Front

Economic decisions based on beliefs and traditions.

Back

Traditional

Front

Government plan determines what is produced.

Back

Command

Front

Government sets safety standards and has price controls to protect the worker but allows for private ownership.

Back

Mixed

Front

Who decides what goods and services are produced? Options: Command, Traditional, Mixed, Market

Back

Market

Front

Government owns business, decides production

Back

Command

Front

Producers decide what resources to use based on cost and employment.

Back

Market

Front

Which countries are the most command and market?

Back

Cuba and Australia