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Economic Systems
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Mostly private businesses but also include public services under the control of the government
Mixed
The government decides what will be produced and what resources will be used
Command
Does not feel pressure to evolve or produce more efficiently
Traditional
The government chooses your job
Command
Individuals to own private property and control their own resources
Market
The desire to earn money drives the economy
Market
The government controls the economy
Command
A combination of Command and Market economies
Mixed
People make their own food and goods using natural resources.
Traditional
North Korea has this type of economy
Command
This type of economy is controlled by businesses
Market
Canada has this type of economy
Mixed
Indigenous peoples used this type of economy successfully for a long time
Traditional
The government meets peoples NEEDS and businesses meet peoples' WANTS
Mixed
This economy is driven by "supply and demand"
Market
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