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Social Studies > Economy > Flashcards

Economy Flashcards

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1
Q

Market Economy

A

Decisions are made by individuals and based on trade and competition

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2
Q

Command Economy

A

Government makes all decisions

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3
Q

Mixed Economy

A

Combination of free market, and limited government involvement

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4
Q

Traditional Economy

A

Based on culture and rituals, and is focused on the community as a whole

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Social Studies (4 decks)

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