What is a characteristic of a market economy? Options: lack of choice, individual choice, competition, central ownership of property
Types of Economies

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6th - 8th Grade
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Hard
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1.
FLASHCARD QUESTION
Front
Back
competition
2.
FLASHCARD QUESTION
Front
Which type of economy has central ownership and lack of individual choice?
Back
Command Economy
3.
FLASHCARD QUESTION
Front
Which type of economic system bases its decisions on custom? Options: Market Economy, Mixed Economy, Command Economy, Traditional Economy
Back
Traditional Economy
4.
FLASHCARD QUESTION
Front
Which type of economy is controlled by the government? Options: Command, Market, Mixed, Democratic
Back
Command
5.
FLASHCARD QUESTION
Front
Which type of economy is run by the businesses & business owners?
Back
Market
6.
FLASHCARD QUESTION
Front
Which type of economy is based on traditions and beliefs? Options: Command, Market, Traditional, Mixed
Back
Traditional
7.
FLASHCARD QUESTION
Front
Which type of economy involves trading, and doesn't usually use money? Options: Command, Traditional, Market, Mixed
Back
Traditional
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