Pricing
In this economic system, goods are traded.
What is a traditional economic system?
In this type of system, businesses are owned by the government.
What is the command system?
In this system, gods are traded instead of money.
What is a traditional economic system?
This economic system is totally regulated and owned by the government.
What is the command economy?
Cuba is an example of this economy.
What is a command economy?
In this economic system, price is determined by the government.
What is a command economic system?
In this system, land is inherited.
What is a traditional economic system?
This is something that is offered to people to make a decision about goods and services.
What is an economic incentive?
This type of system has no government regulations and rules are created by people.
What is a market economy?
America is an example of this system where the market determines which businesses are successful and make a profit.
What is capitalism?
In this system, supply and demand determine the price of goods.
What is a market economic system? (Other correct answers: free market, capitalism)
In this system private ownership encourages everyone to care for what they own.
What is a free market economy? (Also acceptable: What is the American system?"
A fine for returning a library book is an example of this. I am looking for a specific example.
What is a negative economic incentive.
This economy creates a large imbalance of wealth between citizens.
What is a market economy?
North Korea is an example of this type of economy.
What is a command economy?
"Buy one, get one free" is an example of this.
What is an economic incentive?
A few rural countries still have this economic system and rely heavily on farming and agriculture.
What is a traditional economy?
A coupon is an example of this. We are looking for a specific answer.
What is a positive economic incentive?
This is an economy where the government places few restrictions on businesses.
What is a free market system?
In the United States' economic system, this is the most important resource.
What is the household?
The price of some goods is regulated in this type of system.
What is a free market system (Also acceptable: What is the American system?)
In this economic system, businesses are owned by private companies or people.
What is capitalism?
In this economy, banks are private owned, but regulated by the government.
What is a free market economy? (Also acceptable: What is the American system?)
What are a command economy and market economy?
This is an important part of the free enterprise system because it allows consumers to save and earn interest on their money.
What is a bank?