Economic Continuum

Supply and demand has more input than the government in the economy

• Mixed Command
• Mixed Market
• Traditoinal
• Unitary

Most countries in the world have a ___________________ economy.

• Traditional
• Command
• Mixed
• Market

Which economy on the left side of the economic continuum?

• Mixed
• Traditional
• Command
• Market

Which economy is not on the economic continuum?

• Mixed
• Traditional
• Command
• Market

Which economy on the right side of the economic continuum?

• Mixed
• Traditional
• Command
• Market

Characteristics of both market and command economic systems.

• Traditional economy

• Mixed economy

• distribution

• production

All countries have mixed economies

• distribution

• continuum

• production

• consumption

In command economy, how are economic decisions made?

• consumers and habit

• government planners

• consumers and the market

• combination of consumers and planners