Three Economic Systems

An economy where people make their own choices on goods and services, supply and demand is?

Survival of the Fittest best describes which type of economy?

The book written by Karl Marx describing his economic theories is

The Economic System with private property, free-enterprise, and competition is ...

Which would be the best description of the economic system in the USA today?

Government owns all the factories, but people can own some private property , describes

The father of Communism was

What is the type of system where they follow what their ancestors did in the past?

In a Communist country, who decides what will be made in that country?

The government tries to master plan the economy, and makes all the basic economic decisions is

In a capitalist economy, who decides who will get the goods and services?

The father of Capitalism was

Command Economies usually have which type of government?

Term describing that government should leave people alone to make their own economic decisions

Very few of this system, mostly tribal communities in rural areas

The right to enter any legal business deal, and not have too much government control is ...

Most countries of the world today have a

Capitalist Economies usually have which type of government?

This economy tries to make all people in society equal

The book written by Adam Smith discussing his economic theories is called