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Economic Systems - Canada & USA Flashcards | StudBud
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Economic Systems - Canada & USA
Economic Systems - Canada & USA
6 terms
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StudBud Administration
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Flashcards
6 cards
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Questions
6
Answers
1
Which economy has private and public ownership?
Free Enterprise
Planned
Mixed
2
Which economic system believes in the importance of private ownership & consumer sovereignty?
Mixed
Planned
Capitalist
3
Which economic system has very little or no government intervention?
Market
Mixed
4
Which economy values individuality?
Market
Mixed
5
What economic system values collectivism?
Communist
Free Enterprise
Mixed
6
In which economy are people responsible for their own economic & social well-being?
Market
Mixed
Planned
