Economic Systems

Front

In this type of economy, the government places control on businesses, but the individual decides what to make.

Back

Mixed

Front

I am a farmer in Africa, and have always traded for my goods. I have a _____ economy.

Back

Traditional

Front

The government has little to no role in the production of goods in this type of economy.

Back

Market

Front

This type of government typically goes with the Command Economy. Options: Democracy, Dictatorship, Autocracy, Communism

Back

Communism

Front

In this type of economy, the individual decides who to sell their products to.

Back

Market

Front

Most economies are _____.

Back

Mixed

Front

If my government is selling me bread for $5 a loaf, and I have no choice but to buy that type of bread, I live in a _____ economy.

Back

Command

Front

If you tell me a price on something and I offer you a different price, this is an example of what kind of economy? Options: Traditional, Command, Market, Mixed

Back

Traditional

Front

government in which the government owns all property

Back

communism

Front

government in which one person or a small group of people rule the country by force

Back

dictatorship