Mixed Economies
Market Economies
Economic Systems
100

A ______ economy combines private enterprise with government involvement.

What is a Mixed Economy

100

What is a market economy?

A Market economy is where the production of goods and services are mostly derived by individual citizens or private ownerships.

100

Is a market economy similar to a jungle or zoo?

What is the zoo

200

How does a mixed economy combine features of market and command economies?

Combines free market choices with government control.

200

What are the main characteristics of a market economy?

Private Property, Voluntary exchange, etc.

200

The US is a ___ economy while Canada is a ___ economy.

The US is a market economy while Canada is a mixed economy.

300

In what ways does government intervention in a mixed economy both support and hinder economic growth?



Supports Growth, Risks regulation.

300

How do supply and demand influence prices in a market economy?

If there is low demand and high supply then it would be sold for less. If it is high demand and low supply then it can be charged for more

300

In addition to a mixed and market economy, what is the third type of economy?

What is a planned economy

400

What roles do the government and private sector play in a mixed economy?

Private gives produce. Government regulates the distribution of the produce.

400

What are the advantages and disadvantages of a market economy?

Advantages: Efficient, more innovative.

Disadvantages: Inequality within finance, underprovided public goods.



400

What is crown corporation?

A Crown corporation is a company owned by Canada’s government to provide products and services to Canadians.

500

How does a mixed economy ensure economic stability and growth?

A mixed economy balances freedom and fairness by allowing markets to grow while ensuring the government can step in when needed to protect the public, provide essential services, and keep the economy stable.

500

In a market economy, individuals and businesses make most of the economic decisions.

What is capitalism or free enterprise?

500

What is socilaism?

An economic system where the government owns and operates key industries to ensure equal access to basic needs and reduce inequality.

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