Which type of economic system bases its decisions on custom?

Which type of economy is controlled by the government?

Which type of economy is run by the businesses and business owners with no government involvement?

Which type of economy is based on traditions and beliefs?

Which type of economy would most likely have a dictator?

What type of economy does the United States have?

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

Which type of economy has the government making all decisions?

If the government makes me produce 70 T-Shirts, what economic system is this?

Government regulates certain industries.

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

My father was a fisherman, I am a fisherman and my son will be a fisherman.

Which type of economic system does the United States have?

The tribe relied on hunting and farming for food. The boy knew he would be a farmer just like his Dad had been. What kind of economic system does this describe?

In the former Soviet Union, consumers had to wait in long lines to buy everyday items like bread. They did not have many choices and the government controlled factories. In what type of economy did they live?

In a market economy, goods and services were privately owned businesses.

In a Command Economy, the government provides and controls the goods and services.

Although there have been small market reforms in North Korea, the majority of legal economic activities are centrally controlled by the government. What type of economy does North Korea have

In China, 40% of the economy is based in state-run industries while 60% is based on the private sectors where producers and consumers make production decisions. What type of economy does this reflect?

Turkey has a diversified economy with large service, manufacturing, and agricultural sectors. It has gradually moved from government directed economy to more private enterprise. Which economic description best suits Turkey?

Something from nature that people can use. It is NOT created by humans. What type of resource is this?

Money, products, and supplies used in the production of goods and services are called

Which type of economic system bases its decisions on custom?

Which type of economy has central ownership and lack of individual choice?

Which is NOT an economic system?

In which economic system is the GOVERNMENT in control of land, resources, and factories but the PEOPLE still control some things as well?

In which economic system are INDIVIDUALS in charge of owning land, resources, and factories?

In which economic system is The GOVERNMENT in charge of all the economy?

The government becoming too powerful is a weakness of which TWO systems? SELECT 2

The government is strongly involved in which economic system but does not control everything?

The people are in charge of the economy in which economic system?

A small family-owned business would be seen in this system

In which economic system are INDIVIDUALS in charge of owning land, resources, and factories?

Which economic system shares economic power between a central government and the people?

Which economic system gives economic power to the people?

Which economic system gives economic power to the Government?

Which economic system gives has been the most successful historically?

Which economic system does the United States have?