Mixed
Command
Market
Traditional
Vocab
100

What two economies combined create a mixed one?

A command and market.

100

Who usually is in power of this economy?

The government is.

100

Who is in most control.

The people and businesses are.

100

what do people do in a traditional economy?

They make goods and provide services.

100

What is a good and what is a service?

A good is a consumable item, and a service is a job someone is paid to do. 

200

Who has the most power?

Neither of them do.

200

who decides which products  are successful?

The consumers do.

200

Who knows their role in the economy?

Everyone knows their role.

200

What is supply?

Supply is the amount of a good available.

300

What are the common jobs in this economy?

Hunting, fishing, farming, and gathering are common jobs.