Economy

Question 1

Command Economy

Answer 1

The government determined what is produced, how it is produced and how it is distributed.

-Public Property
- Economic activity is controlled by a central government

Question 2

modern Liberalism

Answer 2

A Further developed version of classical liberalism, which continues to focus on an individual’s rights and freedoms and introduces government intervention to ensure the safety and welfare of these individuals.

Question 3

Classical Liberalism

Answer 3

A system that focuses on the rights and freedoms of individuals with no government intervention.

Question 4

Authoritarian

Answer 4

A governing system that values order and control over personal freedom

Question 5

Economy

Answer 5

The distribution of goods and services

Question 6

Market Exonomy

Answer 6

Supply and demand
Capitalism
Right wing

Question 7

Planned Economy

Answer 7

Government determines the distribution of goods and services

Question 8

mixed economy

Answer 8

based on demand and supply but government ensures essentials are being produced to ensure cooperation