Economic Systems Quiz - Grade 9 EMS

Which economic system usually comes from a country's need to industrialise its wartime economy?

A system a country chooses to allocate its resources and distribute its goods and resources

Give a term for "interlinked national economies that all affect each other".

South Africa is an example of a ... economy.

There are many products and services which are harmful to consumers in a ...

Which of these countries does not have a market economy?

Which of the following is not an advantage of a market economy?

An economy where property and businesses are owned by private individuals is called a ...

Which is not true of a planned economy?

Which is not true of a mixed economy?

An economic system where the government makes all the important decisions is a ....

How to meet the endless wants and needs of people with scarce resources is referred to as the