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Social Studies OGT > Economies > Flashcards

Economies Flashcards

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1
Q

Market Economy

A

Economic decisions are made by individuals or the open market.

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2
Q

MIXED ECONOMY

A

Economic decisions are shared by the government and the people.

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3
Q

Command Economy

A

Economic decisions are made by the government.

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4
Q

Traditional Economy

A

Economic decisions are made by customs, religion, and other ideas handed down generation to generation.

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5
Q

Laissez-Faire

A

Hands off. No government intervention in business.

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6
Q

Labor Unions

A

Created in response to horrible working conditions. Fought for a better pay and better working conditions.

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Social Studies OGT (7 decks)

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