Economic Systems - Types of Economies

Which type of economy is controlled by the government?

• Command
• Market
• Mixed
• Democratic

Which type of economy is based on traditions and beliefs?

• Command
• Market
• Traditional
• Mixed

Which type of economy involves trading, and doesn't usually use money?

• Command
• Traditional
• Market
• Mixed

Which type of economy has the government making all decisions?

• Market
• Mixed
• Traditional
• Command

How many types of economies are there?

• 3
• 5
• 4
• 2

Individuals own resources and determine what and how to produce. 

• traditional
• command
• market
• mixed

If I produce meat but, the government has to check to make sure I can put this product on the market, what economic system is this?

• Mixed
• Traditional
• Market 
• Command

Which of the following BEST describes a market system?

• The government provides services, such as telephones and television.

• A person can start any legal business and charge any price.

• The government provides food and housing to all workers.

• Businesses are owned by the government.

This is an economic system where people follow the occupation of their ancestors:

• Command

• Market

• Mixed

• Traditional

An economic system that allows individuals to start businesses, but still has government regulations is

• Traditional

• Market

• Command

• Mixed