Economic Systems

Social hierarchies play no role in traditional economies.

An economy where people work independent from government entities. 

Economy where society owns everything and everyone is equal.

Equity and security are goals of this system.

Freedom and efficiency are goals of this economic system.

Governments have no involvement in mixed economy.

Mixed economies vary in freedom.

The real world name for mixed economy is ____.

Economists use a ____ Model to show market economy interactions.

Traditional economies rely on hunting and gathering.

Some african countries are examples of this economic system.

The first command economy was ___.

An economy with multiple factors from the other economies.

In traditional economies gender may dictate how goods are produced.

The "freest" country is Hong Kong.

This economic system is found in countries such as cuba and iran.

In "the market" buyers and sellers _______ goods and services.

A market economy is _____.

Modern command economies use the incentives matter principle.

A system that is based on culture and traditional social hierarchy.

What is the real world name for command economy?

Command economies achieve equity and security.

Economic stability and security are goals of this economic system.

In a free market economy the government directs all producers and consumers.