Types of Economies Flashcard

Types of Economies Flashcard

Assessment

Flashcard

Business

12th Grade

Hard

Created by

Wayground Content

FREE Resource

Student preview

quiz-placeholder

10 questions

Show all answers

1.

FLASHCARD QUESTION

Front

Which type of economy is characterized by private ownership of resources and the use of markets to determine prices and allocate resources?

Back

market economy

2.

FLASHCARD QUESTION

Front

In which type of economy does the government have complete control over the allocation of resources and the production of goods and services?

Back

Command economy

3.

FLASHCARD QUESTION

Front

Which type of economy combines elements of both market and command economies?

Back

mixed economy

4.

FLASHCARD QUESTION

Front

In which type of economy are resources owned and controlled by individuals and businesses, with limited government intervention?

Back

Market economy

5.

FLASHCARD QUESTION

Front

Which type of economy aims to achieve economic equality by distributing wealth and resources equally among the population?

Back

Socialist economy

6.

FLASHCARD QUESTION

Front

Which type of economy is driven by supply and demand, with prices determined by the interaction of buyers and sellers in the market?

Back

Market economy

7.

FLASHCARD QUESTION

Front

In which type of economy does the government play a significant role in regulating and controlling some economic activities while allowing the free market to operate?

Back

mixed economy

Create a free account and access millions of resources

Create resources

Host any resource

Get auto-graded reports

Google

Continue with Google

Email

Continue with Email

Classlink

Continue with Classlink

Clever

Continue with Clever

or continue with

Microsoft

Microsoft

Apple

Apple

Others

Others

By signing up, you agree to our Terms of Service & Privacy Policy

Already have an account?