Economic Systems

A rise in the general level of prices and decrease in the value of money?

Political and economic system where all property is collectively, not individually owned?

Which economic systems allows people to make decisions in their own best interest?

Which is NOT an Economic or Social goal in an economic system?

What is an advantage of a traditional economy?

What is NOT a role provided by government in the free enterprise system?

Which economic system is controlled by a central authority that make the major decisions?

Where are basic productive resources are government owned, while the rest are privately owned?

Resources are privately owned and there is competition with minimum of government assistance

Which is NOT a type of economic systems?

Organized way of providing for the wants and needs of people in a society or country?

Economic system where private citizens own the factors of production?

Mixed economic system where the government controls only some of the basic productive resources

How can conflicts between economic goals be resolved?

What is the role of an entrepreneur in the free enterprise system?

Where buyers and sellers can freely engage in market transactions? 

Incentive which encourages people and businesses to improve their material well being?

Concept which allows people to  own and control their possessions as they wish?

Which is NOT an Economic System?

Which is NOT one of the roles in American Free Enterprise System?