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Social Studies > Types of Economies > Flashcards

Types of Economies Flashcards

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1
Q

Traditional

A

based on culture and rituals

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2
Q

Command

A

relies on government to make all economic decisions

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3
Q

Market

A

consumer choices determine how industries and financial markets operate

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4
Q

Mixed

A

limited government involvement while involvement also implying free market concepts

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Social Studies (5 decks)

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