CE11b Types of Economic Systems

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Which economic system includes the United States and most countries today?

What is profit motive?

Which economic system has individuals and businesses owners are the decision makers for the private sector, while the government makes decision for the public sector?

Which economic system has both a private and public sector?

Which economic system does the United States mixed economy favor?

Which economic system has competition and consumer sovereignty?

What type of economic system has a centrally planned economy?

What type of economic system has individual choice and consumer sovereignty, competition, profit motive and private ownership of resources and property?