SWA Econ DT #1 Reperformance

_______________________________ - An economic system that has characteristics of both command and market economies.

• Mixed Economy
• Traditional Economy        

• Market Economy

• Command Economy 

_______________________________ - An economy where decisions are made at an individual, rather than a government, level (individuals and corporations own most businesses and farms).

• Market Economy
• Command Economy         

• Specialization

• Traditional Economy     

_______________________________ - An economy in which production, investment, prices, and incomes are determined centrally by a government.

• Command Economy
• Traditional Economy

•         Mixed Economy   

•               Market Economy              

_______________________________ - An economy that depends on agriculture and bartering, where decisions are often made based on long-held customs, beliefs, or habits.

•               Market Economy              

• Command Economy         

• Specialization

• Traditional Economy

_______________________________ - When a country focuses on producing the goods and services they can make best and trading for what they are unable to produce.

• Specialization
• Agriculture

• Entrepreneurship

• Incorproation