Market , Command, Mixed Economy

Front

Combines elements of the command and market economies

Back

Mixed Economy

Front

Economic system in which the government owns resources

Back

Command Economy

Front

Goods and services are owned by the people

Back

Market Economy

Front

Businesses that offer the same goods to the same customers

Back

Competitors

Front

Which of the following is most likely a need? Flat Screen T.V., Gas for a Delivery Truck, iPhone, Part time job for extra money

Back

Gas for a Delivery Truck

Front

An example of a natural resource is

Back

Sunlight

Front

If many consumers want a product or service, prices

Back

Usually Increase

Front

No business can produce goods or services without

Back

resources

Front

People own all the property. The government doesn't own any.

Back

Market economy

Front

The government decides how much workers are paid

Back

Command