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social studies test > Types Of Economy > Flashcards

Types Of Economy Flashcards

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1
Q

What is market economy

A

Capitalism, can put anything on the market that you choose at any price you want

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2
Q

What is command economy

A

The government owns all the business

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3
Q

What is mixed economy

A

A mix of command economy and market economy

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4
Q

What is traditional economy

A

No money, trading only

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5
Q

What are the types of economy

A

Market, command, mixed, traditional

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social studies test (8 decks)

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