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Vocab > Economies > Flashcards

Economies Flashcards

1
Q

Market Economy

A

decisions are made by individuals

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2
Q

command economy

A

also called centrally planned economy

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3
Q

Mixed Economy

A

combination of free market, and limited government involved

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4
Q

Traditional Economy

A

based on culture and rituals

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Vocab (5 decks)

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