Economic Systems

In command economies the economic decisions about what should be produced are made by

A common feature of the economic systems in the United States and Canada is that both —

Most economies have some government intervention and some private ownership, so most economies are considered —

The most modern economies are ______economies.

Which question would most likely be explored by producers in a market economy?

Which economy is decentralized with economic activities happening between buyers and sellers?

Free Market: allows individuals & businesses to make decisions about what to buy and sell.

In mixed economies the government is _______involved .