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4 Economic Systems

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  • Economic System is the way a country produces, distributes, and uses its ______ and services
    resources
  • Economic System is the way a country ________, distributes, and uses its resources and services
    produces
  • The government controls the economy
    Command
  • Economic System is the way a country produces distributes, and ______ its resources and services
    uses
  • This type of economy is controlled by businesses
    Market
  • People make their own food and goods using natural resources.
    Traditional
  • The government meets peoples NEEDS and businesses meet peoples' WANTS
    Mixed
  • A combination of Command and Market economies
    Mixed
  • Economic System is the way a country produces, distributes, and uses its resources and _____
    services
  • Economic System is the way a country produces, ________, and uses its resources and services
    distributes
  • North Korea has this type of economy
    Command
  • This economy is driven by "supply and demand"
    Market
  • Canada has this type of economy
    Mixed
  • Indigenous peoples used this type of economy successfully for a long time
    Traditional
  • This type of economy doesn't actually exist on its own
    Market
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