Economic Systems

Front

In my country, the government decides when we should expand old factories and build new ones.

Back

Command

Front

In my country my job is the same one that my family has done over the past 200 years.

Back

Traditional

Front

In my country, the government makes all the economic decisions.

Back

Command

Front

In my country we have no need for money. By custom, some of us hunt, others farm, and we are all taken care of.

Back

Traditional

Front

In a command economy, who holds power over the economy?

Back

The government

Front

What are the 3 economic questions?

Back

What to produce? How To Produce? For whom to produce?

Front

If the government makes me produce 70 T-Shirts, what economic system is this?

Back

Command

Front

If I choose to produce fish for my town because my mom and dad were fishermen/women, what economic system is this?

Back

Traditional

Front

If I produce meat but, the government has to check to make sure I can put this product on the market, what economic system is this?

Back

Mixed

Front

The four types of economic systems are: Traditional, Command, Mixed, & Market

Back

Traditional, Command, Mixed, & Market