6th Grade Economic System Review

Match it! Select the correct answer from the pull down...Good luck!

Market + Command = _________

In a command economy, The government also ______________ by regulating which goods the country needs to import and which goods should be sold, or exported, to other countries.

In a market economy, a country’s economic decisions are based on __________.

there are no ________ market or ________ command economies

An ______________ is the way in which a society or country organizes the production, consumption, and distribution of goods, services, and wealth.

In a ________ economy, people produce what they need to survive by using traditional methods of agriculture, hunting, fishing, or gathering.

What type of economic system do most democratic countries have?

Government planning groups make the basic economic decisions such as which goods and services to produce, prices, and wage rates