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4 Types of Economic Systems Flashcards | StudBud
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4 Types of Economic Systems
Socialism provides...
Traditional Economy is...
4 Types of Economic Systems
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1
Traditional Economy is...
Based on ownership.
Based on customs and beliefs.
based on government
NOT MY PROBLEM!
2
Socialism provides...
Food
Education
Freedom
Jobs
3
In the Command System, _________ owns most of property.
God
Individuals
The people.
Government
4
Who are the people that purchase goods?
Carnivores
Vegetarians
Consumers
Producers
5
Who are the people that provide goods and services?
Government
Consumers
Police Officers
Producers
6
In Market, you have to
Work for it.
Govern
Sleep
Idk
7
In the Market Economy, decisions are based on...
Free Enterprise
What they feel like.
Custom Beliefs
Government
8
The Mixed Economy is made up of...
Market & Mixed
Command & Market
Traditional & Command
Mixed & Command Cool Ranch Doritos
9
If something is low in quantity, it is
BYE FELICIA!
Low?
Scars
Scarce
