Economic Systems #2

Front

Government makes all the economic decisions

Back

command

Front

Family/community is very strong

Back

traditional

Front

Resources can be adjusted very quickly

Back

command

Front

Capitalism

Back

market

Front

What type of economic system provides little incentive for workers to work hard? Options: command, market, traditional.

Back

command

Front

Very low standard of living

Back

traditional

Front

Cuba

Back

command

Front

South Korea

Back

market

Front

China (think what they are moving towards)

Back

market

Front

The Amish

Back

traditional