How many types of economies exist in the world?
Types of Economic Systems and Activities

Quiz
•
Social Studies
•
6th - 8th Grade
•
Hard
Joycy Joy
Used 27+ times
FREE Resource
15 questions
Show all answers
1.
FILL IN THE BLANK QUESTION
1 min • 1 pt
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A traditional economy mainly appears in ______countries.
rich
poor
any country in the world
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In a traditional economy, the goods and services are traded with other countries.
true
false
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A traditional economy is also known as __________
Subsistence economy
market economy
command economy
mixed economy
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A combination of all the types of economies
subsistence economy
mixed economy
capitalist economy
traditional economy
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Here, the government takes control of the whole economy.
mixed economy
traditional economy
command econmy
capitalist economy
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In this type of economy, the freedom of the individual in terms of choices of products, services and prices is given importance.
subsistence economy
command economy
market economy
mixed economy
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