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[DOC File]Three Basic Economic Systems
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An economic system in which the government owns and operates the factors of production. Socialism Communism Cuba China Laos 3) Traditional economy. An economic system based upon customs and traditions. Economy is based upon agriculture and hunting. Non-Industrialized Agrarian societies Chad Haiti Rwanda 4) Mixed economy
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[DOC File]Types of economic systems - Winthrop University
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Broad social goals like economic growth and stability are answered in economic systems. The institutions and methods a country uses to answer these 3 basic questions determine what kind of economic system exists in the country. The two major types of economic systems are command and market economies. Command Basic Questions Market
compare the different economic systems

[DOC File]Types of Economic Systems
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Title: Types of economic systems Author: Louis Pantuosco Last modified by: Louis Pantuosco Created Date: 1/19/2009 3:53:00 PM Company: Winthrop University
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[DOCX File]www.dayton.k12.ky.us
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Every economic system answers three basic economic questions. What to produce? How to produce it? And who will consume it? The way a society answers these questions determines the society’s economic system. There are three types of economic systems. They are …
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[DOC File]Basic Economic Systems-“Command vs - Weebly
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Types of Economic Systems. Traditional Economy – People Grow their own food and make everything they need to survive. Activity 3 – Scenarios. Want Ice Cream – Feed cows, milk cows, wait until it snows, get ice, make churning bucket, churn by hand, eat it all because you can’t store it.
types of economic systems pdf

[DOC File]Types of Economic Systems
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Three Basic Economic Systems. There are three basic types of economic systems: capitalism socialism, and communism. What distinguishes one from the other is based upon the following factors: the role of the government. economic freedom of individuals. the amount of private property.
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[DOC File]DOT
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Based on the information you gathered about economic systems this unit, complete the chart by answering the questions about the different types of economic systems. Traditional Economy Command Economy Free Market Economy Mixed Economy
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[DOC File]Economic Systems – Comparison Chart
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Compare the government’s role in market, command and mixed economic systems. Describe the benefits and disadvantages of a mixed economic system. Use examples and details to support your ideas. Market Command Mixed ... Example: Many types of soda There is _____choice. The government distributes only one type of product for a given good or service
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Economic System - Overview, Types, and Examples
Economic systems are divided up into three basic types. These types are: Traditional Economic Systems . Market Economic Systems . Command Economic Systems Traditional Economic System. A traditional economic system is one in which people's economic roles are the same as those of their parents and grandparents.
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[DOC File]Economic systems are divided up into three basic types
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Types of Economic Systems. Type of System Who Answers 3 Basic ?’s Advantages Disadvantages Traditional. Command. Market. Mixed. Title: Types of Economic Systems Author: CMCSS Last modified by: CMCSS Created Date: 8/19/2009 5:13:00 PM Other titles: Types of Economic Systems ...
compare the different economic systems

3 types of economic systems