Economies

What type of economy is it where individuals decide for themselves what to produce based on supply and demand

• Traditional Economy

• Communist Economy

• Market Economy

• Demand Economy

economy based on government regulations and supply and demand

• Market Economy

• Mixed Economy

• Traditional Economy

• Command Economy

An economy in which production is based on customs and traditions

• Traditional Economy

• Market Economy

• Mixed Economy

• Supply and Demand

economy in which the government makes all of the decisions

• Command Economy

• Market Economy

• Traditional Economy

• Mixed Economy

the different ways that regions manage their wealth and resources

• Economic System

• Supply and Demand

• Consumer

• Producer

deciding how much to produce and who will want it

• supply and demand

• goods

• wants

• Free Enterprise

to put money into a project/business

• invest

• supply and demand

• economy

• produce

Economic system in which individuals and businesses are allowed to compete for profit with a minimum of government interference

• Free Enterprise

• Command Economy

• Socialist Economy

• Wants and Needs

economy in which the government owns and operates large-scale companies for the benefit of the public

• Socialist Economy

• Free Enterprise

• Market Economy

• Traditional Economy

economy in which the government controls all production and distribution of goods and services

• Communist Economy

• Traditional Economy

• Market Economy

• Mixed Economy