Economic systems

Shift of an economy, from private ownership to government ownership.

Economic system in which private citizens own and use factors of production to generate profits.

Economic system in which resources are handed out based on ritual, habit, or custom.

Certificates that could be used to purchase government owned property during privatization.

Economic system which government owns some factors of production.

Conversion of state owned factories and other property to private ownership.

Economic system in which supply, demand, and the price system help people allocate resources.

Economic system that has a combination of traditional, command, and market economies.

Economic and political system in which factors of production are owned and directed by the state.

Market in which goods and services are sold illegally.

Production process requiring large amounts of capital in relation to labor.

Economic system characterized by a central authority that makes most of the major economic decisions.

Organized way a society provides for the wants and needs of its people.

Meeting place or arrangement where buyers and sellers interact.