Fall ACP economics

Which economic activity involves production of food and extraction of resources?

What level of economic activity is shown in the image?

This economic system does NOT allow private property to be owned by citizens

Which level of economic activity provides a service?

What level of economic activity is shown in the image?

The government makes all decisions on production and distribution.

Classless society; everyone gets an equal share.

In which economic system did people do generally what their ancesters did?

Growing enough food for your family or tribe

This economic systems produces goods in order to sell in large amounts for PROFIT.

In this economic system, industry is government-owned, individuals own private property.

Production of items in small numbers to supplement (support) main income; typically found in traditional societies.

Production of goods is in large quantities; meant to made a profit

Which economic system began in the 1800s as a response to injustices & exploitation of workers.

What level of economic activity is shown in the image?

Which economy is determined by consumer (buyers) and sellers (producers)?

What level of economic activity is shown in the image?

Goods/ services are produced to meet the needs of family members or the tribe.

Which service industry involves manufacturing and production of goods?

Production of agricultural goods in order to supply a large population; purpose is to make profit.

Another name for the free market economic system is...

Which level of economic activity involves information processing and management?