Traditional
This is the act that people in a traditional economy do instead of spending money.
What is Trade/Barter
This country is often the shining example of what a Market economy should be.
What is the United States
Command Economies are good at doing how many kinds of things.
A small number of things?
This type of Economic system is a mix of both a Market Economy and a Command Economy
What is a Mixed Economy?
List 1 of the 6 economic goals.
What is...
Freedom Efficiency Security
Equity Growth Stability
People in a Traditional economy often do these kinds of jobs.
What is simple jobs/jobs their parents did?
This is the term that means "creating new things or better ways of doing things".
What is innovation?
This is the amount of power that citizens have in a Command Economy.
What is little to no power?
<<<Daily Double>>>
These two continents are the locations where most mixed economies exist.
What is Europe and North America?
This is the definition of an Economy.
What is the system that manages how resources are used to produce, distribute, and consume goods and services?
What are Native Tribes/Rural communities?
This word describes this element of a market economy that has aspects such as limited government, private ownership, and the goal of companies to make profits.
What is Capitalism?
This is the amount of control governments have in Command Economies.
What is most or all of the power?
The role of the government in a Mixed Economy is to do this act.
What is Protect and Regulate the Economy?
This is the type of Economy that Villagers in Minecraft have.
This is the location where students often see a traditional economy in action.
What is the Lunchroom?
This is the group that makes the choices and decisions in a market economy.
What is the citizens and businesses ?
This type of Government is often associated with Command Economies
What is a Dictatorship?
This is the country that is most recognized as a Mixed Economy in the world today.
What is China?
<<<Daily Double>>>
This country has the Freest Market Economy in the World
What is Singapore?
True or False
People often are extremely innovative in a traditional economy.
This is the amount of influence governments have in a market economy.
What is little to none?
People often say this is the only Command economy in North America.
What is Cuba?
This the main goals a Mixed Economy?
What is protect individual rights?
These are the 3 Fundamental Economic Quesitons.
What to Produce?
How to Produce goods?
Who to Produce for?