For whom do you produce in the traditional economy?

People in the village who needs them., To the people their ancestors use to give.

How to produce for market economy?

Businesses( owned by private citizens)

What to produce in the command economy?

The government decide to what will be produce.

In the command economy how do you produce?

Government decides how to make them.

what is an economic systems?

The ways in which society answers the economic questions.

What are the three questions of economics?

what to produce, how to produce it, & for whom to produce.

What to produce in the market economy?

Business owned by private citizens based on supply &demand

What to produce in the traditional economy

Consumers make what to produce., People follow tradition& make what their ancestors made.

How to produce in the traditional economy?

people produce goods the same way that their ancestors did.

For whom do you produce in the command economy?

whoever the government decides to give them to.

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Economics Undersanding

14 termsStudBud Administration98 plays

This game will be about each type of economies and how each answer the economic questions.

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Questions 14

Answers

1
For whom do you produce in the traditional economy?
People in the village who needs them.
whoever the government decides to give them to.
To the people their ancestors use to give.
You produce to the consumers.
2
How to produce for market economy?
Government decides hoe to make them.
People in the village have a way to how to produce it.
Businesses( owned by private citizens)
People follow their ancestors of how to produce it.
3
What to produce in the command economy?
The government decide to what will be produce.
The people will decide what will be produce.
The buyers will decide what will be produce.
Command is in a communist country.
4
For whom to produce in the market economy?
People in village who need them.
To their family.
Whoever the government decide to produce it to the people.
To the consumers.
5
All economic decisions that are made by the government is a type of what economic system?
Traditional
Command
People
Market
6
In the command economy how do you produce?
Businesses( owned by private citizen)
using the resources they need to produce good.
Government decides how to make them.
People produce goes the same way that their ancestors did.
7
what is an economic systems?
the ability to produce more of a given amount of resources.
A system on private ownership trade between buyers sellers.
The ways in which society answers the economic questions.
A system where power distribution is included.
8
For market economy who make the decision for the 3 questions of economics?
By the consumers
By the government
By the ancestors
By the private citizens
9
What are the three questions of economics?
how many workers are there, what is there budge, & how old.
Do you love your mom, how mant sibling, & your pant size.
What's the company name, who is the boss, & the age limit.
what to produce, how to produce it, & for whom to produce.
10
What to produce in the market economy?
Government decides what will be produce.
food and drinks.
shoes and clothe.
Business owned by private citizens based on supply &demand
11
In tradition economy what are the decisions based on?
Culture or ethnic group.
Customs& beliefs.
Looks and language.
Food and shelter.
12
What to produce in the traditional economy
Consumers make what to produce.
People follow tradition& make what their ancestors made.
The government decides what to produce.
private citizens make decisions on supply demand.
13
How to produce in the traditional economy?
By putting commercials viral.
people produce goods the same way that their ancestors did.
selling really good stuff.
being creative( making things with their own tool).
14
For whom do you produce in the command economy?
To the people who lives in the village.
whoever the government decides to give them to.
Whoever the people tell you to produce it to.
To the consumer.

Economics Undersanding Flashcards | StudBud