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WorksheetsCONVENTIONAL ECONOMIC SYSTEMS
Total questions: 15
Worksheet time: 10mins
Which software that Madam Farrah use to deliver her week 3 lecture
Active Presenter
Screencast
Boom
Loom
What kind of method of Madam Farrah use to deliver the content for week 3?
Voice over and slide share with explanation
The camera on and slide share with explanation
Give a youtube link of other people delivering the content
Just share the slides & student read by their on
This week covers on?
Capitalism, Socialism, and Mixed Method Economy System
Islamic Economy System
Malaysia Economy System
Capitalism Economic System
What is the definition of the economic system?
organized exchange of a commodity between buyer & seller within a specific geographic area
a way of organizing the relationship among individuals, firms, and government agencies on how to make choices when confronted with the basic economic question
act as a balance wheel in the market mechanism
the desire of buyers to purchase a certain quantity of goods due to the ability and willingness to purchase at a particular price in a given period
Which types of Economic System that called as Centrally Planned Economy?
Capitalism
Socialism
Mixed Economy
Islamic Economy
In my country, business is based on competition. Success comes from doing something better and cheaper than your competitors.
Capitalism
Socialism
Mixed Economy
Islamic Economy
In my country, central planners decide when we should expand old factories and build new ones.
Capitalism
Socialism
Mixed Economy
Islamic Economy
In my country, I know that all my needs will be met, but not my wants.
Capitalism
Socialism
Mixed Economy
Islamic Economy
In my country, the government controls the economy. It assigns jobs, sets production goals, and decides wages.
Capitalism
Socialism
Mixed Economy
Islamic Economy
In my country, profits are the incentives for production. Multiple answer
Capitalism
Socialism
Mixed Economy
Islamic Economy
In my country, consumers don't have a lot of choice in what they can buy.
Capitalism
Socialism
Mixed Economy
Islamic Economy
My country does not allow private profits and public interest is emphasized in the economy.
Capitalism
Socialism
Mixed Economy
Islamic Economy
Which type of economic system has been practice by most of the country?
Capitalism
Socialism
Mixed Economy
Islamic Economy
My country allows private enterprises to conduct business freely and the government encourages the private sector by providing them with infrastructure and facilities.
Capitalist
Socialist
Mixed Economy
Islamic Economy
My country is free to trade, invest, and organize enterprise to produce within the country's legal framework.
Capitalism
Socialism
Mixed Economy
Islamic Economy
