Economic Systems Flashcards

1

In an traditional economic system there is plenty of choice:

2

This economic system can (pro) focus on social welfare, political freedom, and liberties.

3

The 4 economic systems are:

4

Economic resources are owned by the individual:

5

This picture of this country has a ___________________ economy:

6

From my example in class in a traditional economic system: if your father was a cab driver, you

7

Supply and Demand, are critical parts of this economic system:

8

Quota is:

Economic Systems