Types of Economies Short Reads

Traditional economies are based on what? Multiple answers.

• hunting & gathering

• farming

• fishing

• service

• manufacturing

Most economies are

• traditional

• mixed

• command

• market

Who makes all the decisions in a command economy?

• individual business owners

• government

• consumers

• companies

What influences economic factors in a market economy?

• police

• psychology

• government

• supply and demand

Farmers who grew just enough food for the family...

(a)  

Based on the text, how did domesticated animals help humans?

• Humans could eat them.

• They were pleasant to be around.

• They played with the kids.

• They used them for labor.

What kind of economy is described by this article?

• mixed

• traditional

• command

• market

A traditional economic system follows (a)   .

Many traditional economies are based on (a)   .

According to the article, traditional economies generally produce...

• enough to live with little surplus.

• enough to trade.

• not enough for everyone

• enough for the government to take