Economy Types

Examples of Traditional Economy

In which ECONOMY does the government make the decisions?

In which economy do the people make decisions?

In which economy do the individual business owners make the decisions?

Which economy has the most competition between businesses?

This economy does not use money, instead they trade or Barter.

What is a strength of a Command Economy?

What is a strength of Traditional Economy?

Command has

Economy based on former cultures

People who start their own business in hope of making money

How many types of economy are there?

Combination of Command and Market economy

Economy with no government regulation

Which is a Market Economy?(Use Process of Elimination!)

Which is not a Mixed Economy?

Example of Command Economies

In which government do the individual people AND the government make the decisions?

Which is not a decision that the government makes in a Command Economy?

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