SWA Econ DT #1 Reperformance

Front

_______________________________ - An economic system that has characteristics of both command and market economies.

Back

Mixed Economy

Front

_______________________________ - An economy where decisions are made at an individual, rather than a government, level (individuals and corporations own most businesses and farms).

Back

Market Economy

Front

_______________________________ - An economy in which production, investment, prices, and incomes are determined centrally by a government.

Back

Command Economy

Front

_______________________________ - An economy that depends on agriculture and bartering, where decisions are often made based on long-held customs, beliefs, or habits.

Back

Traditional Economy

Front

_______________________________ - When a country focuses on producing the goods and services they can make best and trading for what they are unable to produce.

Back

Specialization