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Duplicate of Economic Systems Flashcards | StudBud
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Duplicate of Economic Systems
Duplicate of Economic Systems
17 terms
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StudBud Administration
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37 plays
A review of economic systems.
Flashcards
17 cards
F
Practice quiz
P
Host live
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Questions
17
Answers
1
Lack of flexibility to deal with day to day problems.
Traditional
Market
Command
2
North Korea
Traditional
Command
Market
3
What type of economic system is in this photo?
Market
Command
Traditional
4
Individual freedom is limited.
Traditional
Market
Command
5
What economic system is in this photo?
Market
Command
Traditional
6
A great deal of freedom
Command
Market
Traditional
7
Japan, United States, South Korea
Command
Traditional
Market
8
What type of economic system is in this photo?
Command
Market
Traditional
9
Discourages new ideas.
Traditional
Command
Market
10
Stems from tradition, ritual or habit.
Market
Traditional
Command
11
Government tells people what to do.
Market
Command
Traditional
12
People do not own their own homes, businesses, or productive resources.
Command
Market
Traditional
13
Ignores the basic wants and needs of people.
Command
Market
Traditional
14
Little government interference.
Traditional
Market
Command
15
Most countries have this type of economic system.
Market
Command
Mixed
Traditional
16
People are not free to make decisions elders and ancestors make the decisions.
Traditional
Command
Market
17
You are born into your job
Market
Traditional
Command
