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[DOC File]DOT - QX
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Economic systems in which individuals, rather than the government, makes the decisions bout production and distribution of goods and services. Example: Ms. White makes brooms to sell at flea markets. 4. Mixed Economies. Economic system, which is a combination of the different economic systems.
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[DOC File]Study guide for Economics Unit I test - Henry County Schools
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Define and explain economic interdependence. What are some characteristics of a command economy? Why can it be said that the U.S. has a mixed economy? In a market, command and traditional economy, how are the Three Questions answered? What are the four roles of government in an economy, and examples of each (2.3).
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[DOC File]Chapter 2
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Chapter 2 Economic Resources and Systems. Learning Objectives: Define. scarcity. List. the four factors of production. Identify. the differences between market and command economies. Explain. why most countries prefer a mixed economy. What Is Economics. The study of how society chooses to use resources to produce and distribute goods and ...
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[DOCX File]Unit 4 Study Guide: Political & Economic Development of ...
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Define traditional, command, market, and mixed economies. Traditional system based on traditions, Command governments make all economic decisions, Market system business owners, entrepreneurs and consumers make economic decisions, Mixed. combinations of command/market
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[DOC File]Comparative Systems Worksheet
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Comparative Economic Systems . ... What are the most serious economic problems facing each of these four nations? ... Now that you have studied the economic characteristics of these three countries, define the terms market-oriented, command, and developing economy in your own words. For each term, describe the specific characteristics of the ...
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[DOC File]ANNUAL ACADEMIC ECONOMICS GOALS
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Define economics, compare macro and microeconomics. Define and relate scarcity, opportunity costs, and the four factors of production to current topics. Develop and analyze the production possibilities curve using economic concepts. Compare and contrast the different economic systems. Discuss the five elements of capitalism
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[DOC File]Comparison of Economic Systems
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Comparison of Economic Systems. Define Economics: What are the three questions all economic systems answer? Word Bank: Laissez Faire government (2) private property entrepreneurs companies inequality programs. exploitation (suffering) monopolies command communism unproductive middle.
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Define four economic systems