Economic Systems

Front

In this economic system, people grow their own food mainly by hand or using hand tools?

Back

Traditional

Front

Most countries in the world, including the US, are what economic system?

Back

Mixed

Front

In this economic system, there is competition between businesses.

Back

Market

Front

Which economic system is based on total government control?

Back

Command

Front

In this economic system, people grow and make things based on their history and traditions.

Back

Traditional

Front

The way in which goods and services are made, sold, and used in a country or area.

Back

Economy

Front

In this economic system, many people are needed to do the work in the primary industry, and people may not have specialized skills.

Back

Traditional

Front

Which economic system, in its purest form, does NOT exist in the world today? Options: Traditional, Command, Market

Back

Market