Types of Economic Systems

which of the following is a country that follows a command economy

• U.S.

• Canada

• U.K

• China

in my country, consumers have most of the influence and the government enforces rules

• traditional

• mixed

• market

• command

Which economic system is it when people decided what to produce, people decide how to produce, and people only produce goods and services for themselves and trading purposes?

• Traditional

• Command

• Market

• Mixed

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

• Traditional

• Command

• Market

• Mixed

what economy is a combonation of a market and command economy?

• traditional

• mixed

• Yes

• Command

Sam loves science and wants to become a doctor but he is learning how to make clay bricks like his father and grandfather.

• Market

• Traditional
• Mixed
• Command

Which economic system is both market and command combined and most democratic countries fall into this category?

• Traditional

• Command

• Market

• Mixed

A command economy is

• Based on its citizens

• controlled by the government

• run by trading and bartering

• a mix between traditional and free enterprise

What are the 3 economic questions?

• What to produce? How To Produce? For whom to produce?
• Who to produce? Why you produce? Like to produce?
• Why to produce? Tell who to produce? Things to produce?

Economics is 

• the study of how individuals and societies seek to satisfy needs and wants
• is government that controls or dictates
• also known as marketing
• the central banking system of the United States