Economic Systems
Western Europe, North America, Mexico, Brazil are examples of
What is a mixed economy
King, Queen, Emperor, Sultan are examples of
What is a monarchy
A thriving economy.
Economic well being.
Government makes all economic decisions
What is a command economy
Constitution allows for one political party to run
What is a single party state
Maximum productivity minimum wasted time and expense.
What is efficiency
Cuba, Vietnam, North Korea, USSR are examples of
Ruler typically decide through force and usually controls all aspects of society
What is a dictatorship
The power to act speak or think however you want.
What is freedom
Little government interference
What is a market economy
Each person in society has a say/vote on all laws/policies
What is a direct democracy
Being free from danger or threat.
What is security
Businesses decide how much to produce based on consumers and suppliers
What is a market economy
United States of America
What is a presidential or representative democracy
What is command economy