WorksheetsEconomic Systems
Total questions: 25
Worksheet time: 35mins
japan and India are both (a) democracies.
south Korea is a (a) democracies
china is not a one-party communist state.
true
false
what is a market economy?
A traditional economy is a system that relies on customs, history, and time-honored believes. Tradition guides economic decisions such as production and distribution. Societies with traditional economies depend on agriculture, fishing, hunting, gathering, or some combination of them.
an economic system in which production and prices are determined by unrestricted competition between privately owned businesses.
"the process of transition to a market economy led to major changes"
A mixed economic system is a system that combines aspects of both capitalism and socialism. A mixed economic system protects private property and allows a level of economic freedom in the use of capital, but also allows for governments to interfere in economic activities in order to achieve social aims.
what kind of democracy does Japan have?
presidential
parliamentary
how many types of economy are there?
1
2
3
4
what kind of democracy does India have?
presidential
parliamentary
north Korea is an (a) ruled by a dictator.
what is a mixed economy?
A mixed economic system is a system that combines aspects of both capitalism and socialism. A mixed economic system protects private property and allows a level of economic freedom in the use of capital, but also allows for governments to interfere in economic activities in order to achieve social aims.
an economic system in which production and prices are determined by unrestricted competition between privately owned businesses.
"the process of transition to a market economy led to major changes"
A traditional economy is a system that relies on customs, history, and time-honored believes. Tradition guides economic decisions such as production and distribution. Societies with traditional economies depend on agriculture, fishing, hunting, gathering, or some combination of them.
what is a traditional economy?
A mixed economic system is a system that combines aspects of both capitalism and socialism. A mixed economic system protects private property and allows a level of economic freedom in the use of capital, but also allows for governments to interfere in economic activities in order to achieve social aims.
A market economy is an economic system in which economic decisions and the pricing of goods and services are guided by the interactions of a country's individual citizens and businesses.
A traditional economy is a system that relies on customs, history, and time-honored believes. Tradition guides economic decisions such as production and distribution. Societies with traditional economies depend on agriculture, fishing, hunting, gathering, or some combination of them
how many different types of economic systems are there?
1 main economic systems
2 main economic systems
3 main economic systems
4 main economic systems
In my country my job is the same one that my family has done over the past 200 years.
Traditional
Command
Market
Mixed
In my country, the government makes all the economic decisions.
Traditional
Command
Market
Mixed
,In my country, the government tells me where to work.
Traditional
Command
Market
Mixed
In my country we have no need for money. By custom, some of us hunt, others farm, and we are all taken care of.
Traditional
Command
Market
Mixed
Your Teacher
No One
The country of North Korea has a dictator that makes almost all of the economic decisions. What type of economy is this?
Traditional
Market
Command
Centrally Planned
What does an economy provide to the people of a country?
Goods and services
Land, labor, capital and management
Money and factories
Headaches and Aspirin
In capitalism, who owns property and businesses -- and keeps the profits?
Individuals
government
the poor
The Uber Wealthy
What is the purpose of socialism?
To help the rich remain wealthy
To reduce the gap between rich & poor
To let the poor control the economy
Its a 7th Grade Vocabulary Word
This economic system is based on competing - making money - and improving yourself.
Fascism
In a communist society...
the government controls the means of production
the individual owns the means of production
wealth is distributed evenly amongst society
there is no wealth or private property
