Name that Economic System

The customs and habits of the past are used to decided what and how goods will be distributed.

Where do you think Brazil is located on the economic continuum?

Gov't planning groups make the  economic decisions such as which goods and services to produce.

An economy in which changes in prices guide how the three ?'s are answered. 

Where do you think Mexico falls on the economic continuum?

An economic system in which the political authorities make major decisions regarding production

A system in which decisions are all made on the basis of customs,beliefs, religion, and habits.

An economic system in which social roles and culture determine how goods are made and sold.

An economic system that permits an open exchange of goods and services.

An economic system in which the government decides what goods will be produced.

An economic system in which  economic decisions are made by individuals(entrepreneurs) 

Economies in which people usually produce just what they need to survive

The government owns the means of production

System in which most of the economic decisions are made are based on custom and on the past. 

An economic system based on individual choices and voluntary trade

Where do you think Cuba falls on the economic continuum? 

Sometimes called Free Enterprise which allows for private ownership of businesses and property.

Are any countries using a purely command or market economy?