Economic Systems

Economies must address how to produce goods and services. In the economy of a certain country, some factories are owned by individuals and private companies, and other factories are owned and controlled by the government.

• traditional

• market

• command

• mixed

Private companies increase production of the product to respond to high consumer demand for a product.

• Traditional

• Market

• Command

• Mixed

U.S. government enforcement of environmental regulations helps reduce health problems related to environmental pollution created by private factories.

• traditional

• market

• command

• mixed

The government allows economic decisions to be made by the society’s traditions and customs.

• traditional

• market

• command

• mixed

The government makes all decisions regarding the production and distribution of goods.

• traditional

• market

• command

• mixed

Farmer produces crops of their choice to sell to others for profit.

• traditional

• market

• commond

• mixed

The government exercises no decision making in economic matters; production and distribution are determined solely by individuals.

• traditional

• market

• commond

• mixed

Farmers produce crops based on orders from the government.

• traditional

• market

• command

• mixed

When the government controls all industries and decides what products will be produced and how many of each type of product will be produced.

• traditional

• market

• command

• mixed

Goods are produced using the same methods as in the past.

• traditional

• Market

• Command

• Mixed