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[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 …
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[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
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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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[DOC File]DOT
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The way a society answers these questions determines the society’s economic system. 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.
3 types of economic system

[DOC File]Three Basic Economic Systems
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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. how wealth is shared.
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[DOC File]Lesson 147: Economic Systems Compared
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1. Complete the chart that follows to show how the three main types of economic systems try to answer the three basic economic questions. Economy. Socialism. Mixed Economy. Capitalism. What goods and services will be produced? How will the goods and services be produced? For whom will the goods and services be produced? 2.
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Three basic economic systems