Economic Systems Review B

Front

All the ways a community makes and spends its money.

Back

Economy

Front

In this type of economy, people supply most of their own needs and trade for everything else.

Back

Traditional Economy

Front

The government makes all major decisions in this type of economy.

Back

Command Economy

Front

In which economic system do the consumers who are willing to spend money make the decisions on what gets produced?

Back

Market Economy

Front

This economic system takes elements of the other three economic systems.

Back

Mixed Economy