Government and Economic Systems

Front

The four types of economic systems are: Traditional, Command, Mixed, & Market.

Back

Traditional, Command, Mixed, & Market

Front

Government makes all the economic decisions

Back

command

Front

Family/community is very strong

Back

traditional

Front

Very low standard of living

Back

traditional

Front

Who or what answers the basic economic questions in a traditional economy?

Back

Custom

Front

The Amish

Back

traditional

Front

North Korea

Back

command

Front

What type of economy do most countries in the world have?

Back

Mixed economy

Front

What type of economy is represented by Sam learning how to make clay bricks like his father and grandfather? Options: Free Market, Traditional, Mixed, Command

Back

Traditional

Front

In a country where jobs are decided by the government, what type of economy is it? Options: Traditional, Free Market, Mixed, Command

Back

Command