Different Economic Systems

Which type of economy allows government to limit the number of goods & services?

In which economy do producers have little control over what they sell?

Which economy is based on family, customs, and beliefs?

Which type of economy are you likely to find neighbors having the same goods and services.

In what type of economy do consumers decide what is produced?

Offers consumers many choices and individuals have great opportunites to succeed.

Which type of system requires the government to make economic decisions?

What does Economics mean?

Which type of economy offers limited consumer choice and involves government rationing?

A village of hunters and gatherers is a good example of a _____ economy.

Which kind of economy would probably benefit the most from technology?

A market economy differs from a traditional economy because a traditional economy

Based on customs & cultural beliefs that are passed down from one generation to the next.

Most decisions are made by the government in a ___ economy.

Which type of ecomony is likely to have weatlhy consumers?

Why do some villages with traditional economies give goods to the tribal leaders?

How was prestige gained in some primitive traditional economic systems?

Which products do most consumers prefer?

Consumers decide what will be produced

What are the three types of economics we have been working with?

Which type of economy does the US have?

The main goal of a command economy is to