Types of Economic Systems

Front

A market economy is a system where businesses and _______________ decide what to buy and sell.

Back

consumers

Front

A __________________ economy is the opposite of a market economy.

Back

command

Front

A __________________ is a combination of command and market economies.

Back

mixed economy

Front

In a command economy, the government controls goods and services.

Back

true

Front

In a market economy, consumers must work for the company whose products they buy.

Back

false

Front

In a market economy, the system depends on _____________________.

Back

buyers and sellers

Front

In a market economy, those who want to be wealthy _____________________ the economy.

Back

help

Front

People in a market economy choose how they will earn their living.

Back

true

Front

In a market economy, income is determined by ____________________.

Back

the marketplace

Front

Trade with other countries is not allowed in a market economy.

Back

false