Economic Systems

Adam Smith believed that capitalism was guided by a ______ _____.

Capitalism provides people with an _______________ to work.

Karl Marx is the "father" of:

Which of the following is valued in a traditional economy?

Which of the following is valued in a market economy?

Today both the United States and China have ____________ economies.

Traditional Economies are usually found in _________________ areas of the world.

Which of the following is valued in a command economy?

In a ___________ economy, people do things the way things have been done in the past.

Communism and Socialism are both types of ________________ economic systems.

Adam Smith believed that people should be allowed to produce and sell products for a ________.