Economic Review

The government makes ALL economic decisions.

• Traditional

• Command

• Market

• Mixed

If your parents were peanut farmers, then you would be a peanut farmer also

• Traditional

• Command

• Market

• Mixed

Most democratic countries are this

• Traditional

• Command

• Market

• Mixed

Cuba and North Korea are close to having this type of system.

• Traditional

• Command

• Market

• Mixed

Business (run by private citizens) determine what goods/services are produced and how they will be made.

• Traditional

• Command

• Market

• Mixed

Bartering is used.

• Traditional

• Command

• Market

• Mixed

Communist countries are closely related to this.

• Traditional

• Command

• Market

• Mixed

Businesses make economic decisions, but the government regulates them to make sure they're safe/fair.

• Traditional

• Command

• Market

• Mixed

Australia is close to this

• Traditional

• Command

• Market

• Mixed

Which economic system allows for the most personal freedom?

• Traditional

• Command

• Market

• Mixed