Command vs. Free enterprise Economies

What is an advantage of a free-enterprise economy?

• lots of choices

• inequality (not equal)

• always have a job

• secure future

Which economy is described here: There is no competition, few job choices, and complete government control.

• free enterprise

• command

Monday, when we could choose what job you wanted and what you created, what economy were we simulating?

• free enterprise

• command

Which type of economy has outdated technology and very little choice in product?

• command

• free enterprise

What is an disadvantage of command economy?

• no competition

• little government control

• advanced technology

• quality over quantity

Which country had a command economy during the Cold War?

• United Stated of America

• The Soviet Union (Russian and satellite countries)

What is a disadvantage of a free-enterprise economy>

• always has a job

• lots of choices

• unemployment

• poor product quality

Which type of economy is ambition encouraged?

• command

• free-enterprise

What is one difference between a command economy and free-enterprise economies?

• command economies have unlimited job choices and free enterprise does not.

• free-enterprise has advanced technology and command does not.

• free enterprise has poor quality and little quantity and command does not.

• free enterprise and command economies are owned by the government

Private ownership, quality and quantity, and unlimited product choices are all advantages of what economy?

• free enterprise

• command