The three economic systems
[DOC File]Three Basic 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.
[DOC File]Economic systems are divided up into three basic types
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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 …
[DOC File]Chapter 3 - Economic Systems
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ECONOMIC SYSTEMS. What is a Traditional Economy? What is a Command Economy and who controls its production? List an example of a country with this. What are the failures of a command economy? What is a Free Market Economy and who controls production? List …
[DOC File]Economic Systems Unit Plan.doc.docx
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Explain the positives and negatives of the three main economic systems. (CR) 3. Economic System. is the method used by a society to produce and distribute goods and services. Answers will vary: Traditional, Market, Command, Mixed. 4. What is the free market? Identify the advantages of a free market economy.
[DOC File]Three Economic Systems q2 w3
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Here are three economic systems, or economies. Traditional. Economy Command. Economy Market. Economy Ivan and Olga keep it real! Ivan and Olga are farmers in a traditional economy. They do things the way their grandparents did. They produce goods and provide services that they consume themselves and share with their neighbors.
[DOC File]Economic Systems: IN BRIEF
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Start by identifying the elements that all these systems seem to have in common and then make several generalizations about “economic systems” in general. 3. Briefly sketch or diagram each of the three economic systems in a way that shows *how* it works: SOURCE: “Economic Systems,” The New Encyclopedia Britannica: MACROPAEDIA, pp.908 ...
[DOC File]DOT
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There are three types of economic systems. They are market, tradition, and command. A central planning group, usually the government, in a command economy, makes decisions about production and consumption.
[DOC File]Basic Economic Systems-“Command vs - Weebly
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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
[DOCX File]Chapter 2: Economic Systems
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Four types of _____ have developed as societies attempt to answer the three economic questions according to their goals. An economic system is the method a society uses to produce and distribute goods and services. A _____ relies on custom to make most economic decisions.
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