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Types of Economic Systems Flashcards | StudBud
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Types of Economic Systems
Types of Economic Systems
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Economic systems
Flashcards
10 cards
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Practice quiz
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Questions
10
Answers
1
Which economic system has individual citizens making most economic decisions?
Free Enterprise
Command
Traditional
2
Which economic system are profits kept by capitalists and entrepreneurs?
Free Enterprise
Command
Traditional
3
Which economic system does the government choose people's jobs?
Command
Free Enterprise
Traditional
4
Which economic system has the government making all economic decisions?
Traditional
Command
Free Enterprise
5
Which economic system is based on producing and bartering only what is needed by a small community?
Command
Free Enterprise
Traditional
6
Which economic system does the government _only_ provide some needed services?
Command
Free Enterprise
Traditional
7
Which economic system is based on government control of production?
Free Enterprise
Command
Traditional
8
Which economic system is based on private control of production?
Free Enterprise
Command
Traditional
9
Which economic system tends to be based on agricultural production?
Traditional
Command
Free Enterprise
10
Which economic system is based on freedom of choice but also differences in wealth?
Traditional
Command
Free Enterprise
