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Types of Economies Flashcards | StudBud
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Types of Economies
Types of Economies
17 terms
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StudBud Administration
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Traditional, Command, Capitalist
Flashcards
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Questions
17
Answers
1
This measures the manufacturing and service of a country within the physical boarders of a country.
GKP
GSP
GDP
GNP
2
In a Capitalist Economy decisions are based on:
Supply and Demand
Needs of the People
Ritual, Custom, Habit
3
What is the means of production?
What a country trades?
How a country makes money?
How a country builds its economy?
4
In a Command Economy Decisions are based on
Supply and Demand
Ritual, Cutom, Habit
Needs of the people
5
In a Command Economy who owns the Means of Production?
The Government
Private ownership
Tribe
6
In Traditional Economy who owns the means of production?
Private ownership
Tribe
Government
7
An example of Command Economies are all the following except:
Cuba
The United States
North Korea
China
8
This measures the manufacturing and service of a country anywhere in the world
GDp
GSP
GNP
GKP
9
An economic system is
How a country uses capital
How a country trades
How a country issues resources
10
What is it called when a country uses more then one type of economy?
Alliance
Combmination
Mixed
Team
11
Example of a Capitalist Economy is all except:
England
The United States
France
China
12
In a Traditional Economy the emphasis is on :
Suvrival
Luxuary
Making Money
13
In a Traditional Economy decisions are based on
Needs of the people
Ritual, Custom, Habit
Supply and Demand
14
In a Command Economy this emphasis in on:
Making Money
Need
Survival
15
In a Capitalist Economy who owns the means of production?
The Government
Private ownership
The Tribe
16
In a Capitalist Economy the empahisis is on:
Survival
Making Oney
Need
17
An example of a traditional Economy is all except:
Inuit
Aborigines
North Korea
Johnny Ma Mo