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[DOC File]Economic Systems - John Dewey High School
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In which economic system used by early civilizations are decisions about the distribution of goods based primarily on customs, beliefs, and habits? (1) mixed (2) free-market (3) traditional (4) command (Jan 11 Q4) “Contaminated Food from China Sold in the United States”
economic effects of industrial revolution

[DOC File]Traditional Economy
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Traditional Economy. A Traditional Economy is a system where the allocation of available resources is made on the basis of inheritance. As a deep-rooted economic theory with well-built social set-up, Traditional Economies generally make use of prehistoric instruments and techniques.
what are the types of economic system

[DOC File]Economic Systems - White Plains Public Schools
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Command – an economic system in which the government makes all the economic decisions. Communism is an example of a command economy . Mixed – combination of market and command economies. Major Economic Systems. Capitalism – an economic system based on private ownership and on the investment of money in business ventures in order to make a ...
3 major economic systems

[DOC File]Economic Systems – Comparison Chart
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A central authority makes the decision about economic questions. Prices are important in economic decisions. This type of system is based on competition, incentives and self-interest. This system is considered to have a low standard of living. There is little change in this type of …
is the us a mixed economy

[DOC File]Economic Systems Unit Plan.doc.docx
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What is a mixed economic system? Where does America fall on a continuum between centrally-planned and free market economic systems? A mixture of economic systems. Most contemporary mixed economies blend the market with government intervention or involvement, in the marketplace. USA: The U.S. has a free enterprise economy but the government ...
economic system based on industrial production

[DOC File]What is an Economic System - Mrs. Oliver's World History
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An economic system based on individuals own the factors of production and all major industries. Private property, profit motive. Communism: Definition. An economic system based on all major industry and factors of production are owned by the government. Private property DOES NOT exist, and all goods and services are shared equally.
types of economy

[DOC File]Chapter Fourteen: The Economy
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The Transformation of Economic Systems. The economy is a system of producing and distributing goods and services. In today’s postindustrial society, this process is radically different than in earlier societies. Market, or economy, is the mechanism by which values are established in order to exchange goods and services. ...
types of economic systems pdf

[DOC File]Economic systems are divided up into three basic types
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Command Economic System. In a command economic system, the main decision maker is the government. No person may independently decide to open and run any kind of business. The government decides what goods and services are to be produced. And the …
three basic economic systems

What is a economic system