Which is NOT a type of economic system?

This system answers the 3 economic systems' questions based on traditional customs and beliefs of the past.

Which gov't economic system reflects the values and traditions and how they've been passed down from generation to generation?

What system do these characteristics fall under?

*strict governmental control

*Gov't regulates ALL of the economic decisions.

This system is harsh to live under. Because of this, there are NO pure command countries in the world.

This system answers the three economic questions based

on SUPPLY and DEMAND.

In which system does the government have no control over the economy, and private citizens answer all the economic questions.

Since there are really no countries with either a "pure command" or "pure market economy," it makes them........

Most countries in ______________have mixed economies, however some of them have a high level of gov't involvement that leans closer to command than market.

Mexico has a mixed economic system that is about ____________________.

This country has one of the highest levels of economic freedom in Latin America.

This country has the second largest one in Latin America.

In Mexican mixed market economy, citizens are generally free to ___________________________________.

What country has a mixed economic system that is about 53% free and 47% command?

Over the past thirty years ____________national government has let more and more citizens have a say in the economy.

_______________government is very active in its economy.

In this country, a number of industries like electricity, oil, mining, _________and_________are state-run.

In recent years, ________ government has begun loosening its control.

______________economy is only 33% free and 77% controlled.

Private businesses and citizens have no real role in _______________economy.

This country's government owns all property, factories, and resources.

The ______________central government makes most economic decisions about what to produce, how much to charge, and for whom.

Whose factories, machinery, and equipment are severely outdated?

Which government's economy has had no positive economic growth in many decades?

Which country regulates its economy without much input from private citizens?

This system answers the three economic questions through strict government control.

Most democratic countries have some characteristics of both systems, so we keep it simple and call them __________.

In a truly free market economy, there would be no _______________at all.

In a truly free ___________economy, there would be no laws to protect workers from unfair bosses.