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What are the four types of economic systems found in countries?
What will be produced? How will it be produced? For whom will it be produces?
mixed
When there are more than one business trying to gain the consumer's money
tradidional, mixed, free market and command
traditional
mixed
consumer sovereignty
command
What is competition?
What will be produced? How will it be produced? For whom will it be produces?
mixed
When there are more than one business trying to gain the consumer's money
tradidional, mixed, free market and command
traditional
mixed
consumer sovereignty
command
If there is a public sector and a private sector in an economic system, then what type of economic system are we referring to?
What will be produced? How will it be produced? For whom will it be produces?
mixed
When there are more than one business trying to gain the consumer's money
tradidional, mixed, free market and command
traditional
mixed
consumer sovereignty
command
If a nation's economic system is based on what has been done in the past. what type of economic system does it have?
What will be produced? How will it be produced? For whom will it be produces?
mixed
When there are more than one business trying to gain the consumer's money
tradidional, mixed, free market and command
traditional
mixed
consumer sovereignty
command
Who helps determine the price of an item?
What will be produced? How will it be produced? For whom will it be produces?
mixed
When there are more than one business trying to gain the consumer's money
tradidional, mixed, free market and command
traditional
mixed
consumer sovereignty
command
Which economic system is being described? Has central ownership of property and resources by the government, centrally planned economy and there is a lack of consumer choice
What will be produced? How will it be produced? For whom will it be produces?
mixed
When there are more than one business trying to gain the consumer's money
tradidional, mixed, free market and command
traditional
mixed
consumer sovereignty
command
What are the three economic questions that every country must answer?
What will be produced? How will it be produced? For whom will it be produces?
mixed
When there are more than one business trying to gain the consumer's money
tradidional, mixed, free market and command
traditional
mixed
consumer sovereignty
command
If a nation's economic system is a combination of command and free market, what type of economy does it have?
What will be produced? How will it be produced? For whom will it be produces?
mixed
When there are more than one business trying to gain the consumer's money
tradidional, mixed, free market and command
traditional
mixed
consumer sovereignty
command
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