Introduction
Four types of Economic systems
Task
Your task is to answer the 10 questions on different economic systems.
Evaluation
1. What is work that is based on the work of past generations?
2.What government tells people what they will make and sell?
3.What market determined what is bought and sold?
4.What has aspects of both a market economy and a command economy?
5.What economic system in which prices and wages are determined by unrestricted competition?
6.In what system which production is based on customs and traditions?
7.An economic system in which the government controls a country's economy?
8.Is it true that market systems are free will?
9.Is it true that mixed economies are in canada?
10.Is it true that command economies do not insist on regulations?
Teacher Page
Key
1.Traditional economies
2.Command
3.Market
4.Mixed
5.Market
6.Traditional
7.Command
8.True
9.True
10.False