Economics

An economic system in which the government makes decisions about what to produce.

• market economy
• command economy
• Traditional economy
• mixed economy

An economic system in which both the government and individuals play important roles about what to produce. 

• Socialism
• Market economy
• Communism
• Mixed economy

An economic philosophy that calls for property to be owned society as a whole. 

• Socialism
• Dictatorship
• Market economy
• Free market economy

An economic system in which the means of production are mostly privately owned and operated for profit.

• Command economy
• Traditional economy
• Socialism
• Free enterprise economy

An economic system in which individuals and businesses make decisions about what to produce. 

• Market economy
• Democracy
• Socialism
• Command economy

A political and economic system in which all property and wealth is collectively owned by all members of society. 

• Free enterprise economy
• Communism
• Monarchy
• Traditional economy

An economy that is built around the way a society lives. The goods and services are determined based on the livelihood of the people. 

• Socialism
• Communism
• Traditional economy 
• Market economy

The picture is an example of what type of economy?

• Market
• Traditional
• Free enterprise
• Command

The image is describing which of the following economies?

• Command economy
• Traditional economy
• Market economy
• Socialism

Which economy best describes the image?

• Traditional economy
• Command economy
• Communism
• Free enterprise economy