Factors of Production & Economic Systems in Europe

Front

All economic decisions are based on customs, traditions, & beliefs of the past.

Back

Traditional

Front

Trading without using money

Back

Bartering

Front

All economic decisions are made by the
Government.

Back

Command

Front

These countries are closest to which economic system: Cuba, Soviet Union, North Korea, & former East Germany?

Back

Command

Front

There are no PURE market economies, but some countries are closer than others.

Back

True

Front

Most democratic countries have some characteristics of both command and market; so we call those economies....

Back

Mixed

Front

The United Kingdom has a _________________.

Back

Mixed

Front

Germany has a ____________________ economy.

Back

Mixed

Front

After reunification in 1990, East Germany had to move away from a _______________ economic system and slowly towards a Market System.

Back

Command

Front

Russia has a ___________________.

Back

Mixed