Macroeconomics: Economic Systems

In this economy, there is little change, and there is not create rapid economic growth.

In this type of economy, people are free to produce and sell what they want.

This economic system is based on past ways of life and culture.

In this economy, new technology is not considered, and people get bored doing the same thing.

This economic system is stable, because you continue to do what you’ve always done.

In this economy, the government keeps the economy healthy, and individuals can own property.

In this economy, available jobs are based on government decisions.

This is an economic system in which individuals control what goods and services are produced.

In this economic system, the citizens are taken care of by the government.

In this economy, people’s needs are not always met.

In this economic system, the government (a person or group of leaders) decides what to produce?

In this economy, opening your own business can be risky; you can lose your business and money.