Introduction to Economic Systems 36a

How are goods traded in a traditional economy?

• Bartering

• Shipping

• Factory Production

What is a traditional economy?

The people who buy products are ​ (a)   and the people who sell the products are ​ (b)   .

• consumers
• producers

What is a negative part of a free market economy?

In a ​ (a)   economy, the ​ (b)   do not have power. The ​ (c)   makes the economic decisions.

• command
• government
• consumers

What is a "mixed" economy?