Economic Systems Flashcards

1

Most economies have some government intervention and some private ownership, so most economies are considered —

2

A common feature of the economic systems in the United States and Canada is that both —

3

Which economy is decentralized with economic activities happening between buyers and sellers?

4

In mixed economies the government is _______involved .

5

Which question would most likely be explored by producers in a market economy?

6

In command economies the economic decisions about what should be produced are made by

7

The most modern economies are ______economies.

8

Free Market: allows individuals & businesses to make decisions about what to buy and sell.

Economic Systems