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WorksheetsSYSTEM ECONOMIC BY GROUP 8
Total questions: 10
Worksheet time: 5mins
What are the main characteristics of traditional economic systems?
Industrial manufacturing, cash economy, individual ownership, advanced technology, global trade.
Centralized planning, high technology, private ownership, international trade, wage labor.
Agricultural exports, credit systems, individual entrepreneurship, urbanization, digital currency.
Subsistence farming, barter trade, reliance on customs, communal ownership, limited technology.
Can you describe the historical development of traditional economies?
Traditional economies are solely based on modern technology.
Traditional economies have always relied on industrial manufacturing.
Traditional economies emerged only in the 20th century.
Traditional economies evolved from hunter-gatherer societies to complex agricultural systems, influenced by trade and cultural practices.
What are the advantages of a traditional economic system?
High levels of government control
Advantages of a traditional economic system include stability, predictability, strong community ties, and sustainable resource use.
Rapid economic growth
Increased individual wealth
What are the disadvantages of a traditional economic system?
Strong government regulation
Rapid technological advancement
Disadvantages of a traditional economic system include inefficiency, lack of innovation, resistance to change, and potential inequality.
High levels of economic equality
Give an example of a country that primarily uses a traditional economic system.
Brazil
China
India
Kenya
What are the key characteristics of the Pancasila economic system?
Total reliance on foreign investments
Key characteristics include economic democracy, social justice, mutual cooperation, equitable resource distribution, and state regulation for public welfare.
Complete government control over all economic activities
Elimination of all forms of social welfare programs
How did the Pancasila economic system develop in Indonesia?
The Pancasila economic system developed through historical context, constitutional foundations, and evolving economic policies in Indonesia.
It was developed solely through foreign investment.
The system was established without any historical influences.
Pancasila was created as a purely capitalist model.
What are the strengths of the Pancasila economic system?
Strengths of the Pancasila economic system include social justice, equitable wealth distribution, community welfare, and a balance between individual and state interests.
High levels of income inequality
Lack of community involvement in economic decisions
Complete state control over all resources
What are the weaknesses of the Pancasila economic system?
High levels of economic growth
Universal access to all resources
Complete absence of government regulation
Weaknesses include inefficiencies from state intervention, lack of market competitiveness, bureaucratic obstacles, challenges in balancing individual and collective rights, and potential corruption.
Which countries or regions are influenced by the Pancasila economic principles?
Malaysia
Philippines
Thailand
Indonesia
