SW Asia Economies Review

Front

In a _____ economy, the government makes the economic decisions.

Back

Command

Front

In a _____ economy, customs and your ancestry make the economic decisions.

Back

Traditional

Front

In a _____ economy, the people make the economic decisions.

Back

Market

Front

Why are products made in a traditional economy?

Back

for consumption and trade only within the community

Front

Compared to market economies, command economies are...

Back

usually less economically free

Front

What two things do countries with mixed economies attempt to balance?

Back

Government control + Economic Freedom

Front

In which country would it be the easiest to be an entrepreneur? Options: Israel, Iran, Saudi Arabia, Turkey

Back

Israel

Front

Which country Best completes the diagram? Options: Israel, Turkey, Saudi Arabia, Iran

Back

Israel

Front

What is the "private sector?"

Back

Citizen owned

Front

What is the "public sector?"

Back

Government owned