Types of Economies

Front

Which type of economy has central ownership and lack of individual choice? Options: Market Economy, Mixed Economy, Command Economy, Traditional Economy

Back

Command Economy

Front

Which type of economic system bases its decisions on custom? Options: Market Economy, Mixed Economy, Command Economy, Traditional Economy

Back

Traditional Economy

Front

Which type of economy is controlled by the government? Options: Command, Market, Mixed, Democratic

Back

Command

Front

Which type of economy is run by the businesses & business owners? Options: Command, Mixed, Communist, Market

Back

Market

Front

Which type of economy is based on traditions and beliefs? Options: Command, Market, Traditional, Mixed

Back

Traditional

Front

Which type of economy involves trading, and doesn't usually use money? Options: Command, Traditional, Market, Mixed

Back

Traditional

Front

Which type of economy has the government making all decisions? Options: Market, Mixed, Traditional, Command

Back

Command

Front

How many types of economies are there?

Back

4

Front

Individuals own resources and determine what and how to produce.

Back

market

Front

Resources are usually shared. Many use bartering to exchange goods and services. What type of economy does this describe? Options: traditional, command, market, mixed

Back

traditional