Types of Economic Systems

Front

In my country, central planners decide when we should expand old factories and build new ones.

Back

Command

Front

In my country my job is the same one that my family has done over the past 200 years.

Back

Traditional

Front

In my country, the government controls the economy. It assigns jobs, sets production goals, and decides wages. What type of economy is this?

Back

Command

Front

In my country, the government has some involvement in the economy.

Back

Mixed

Front

In my country, the government makes all the economic decisions. Options: Traditional, Command, Market, Mixed

Back

Command

Front

In my country, the government tells me where to work.

Back

Command

Front

In my country we have no need for money. By custom, some of us hunt, others farm, and we are all taken care of. What type of economic system is described?

Back

Traditional

Front

In my country there is a private sector and a public sector.

Back

Mixed

Front

What type of economy is characterized by little economic growth due to not using new technologies? Options: Traditional, Command, Market, Mixed

Back

Traditional