Economies

The government tells people what to buy and how much to buy:

• Traditional Economy

• Market Economy

• Command Economy

Farming is the main way this economy supports people:

• Traditional Economy

• Market Economy

• Command Economy

People are allowed to own businesses and set prices:

• Traditional Economy

• Market Economy

• Command Economy

Bartering and trading are mainly used in this economy:

• Traditional Economy

• Market Economy

• Command Economy

People typically vote in this economy:

• Traditional Economy

• Market Economy

• Command Economy

This economy would be present under a dictator:

• Traditional Economy

• Market Economy

• Command Economy

This type of economy usually has a HIGH Standard of Living:

• Traditional Economy

• Market Economy

• Command Economy

This type of economy usually has a LOW Standard of Living:

• Traditional Economy

• Market Economy

• Command Economy

A developing country would have this economy:

• Traditional Economy

• Market Economy

• Command Economy

A developed country would have this economy:

• Traditional Economy

• Market Economy

• Command Economy