Market, traditional, command economy

Which type of economic system is people making and growing their own food?

• Traditional

• Command

• Market

Which economic system is based on government control?

• Traditional

• Command

• Market

In which economic system do people grow and make things based on history and tradition?

• Traditional

• Command

• Market

In which economic system does the government control all the resources?

• Traditional

• Command

• Market

What is a characteristics of a market economy?

• lack of choice
• individual choice
• competition
• central ownership of property

Which type of economy is run by the businesses & business owners?

• Command
• Mixed
• Communist
• Market

Under a command system, who owns the factors of production?

• Consumers
• Elders
• Government
• Businesses

My father was a fisherman, I am a fisherman and my son will be a fisherman.

• Market
• Mixed
• Traditional
• Command

How many types of economies are there?

• 3
• 5
• 4
• 2

The price of a t-shirt is set by how much the businesses  are willing to pay.

• Market
• Mixed
• Traditonal
• Command