Economic Systems in Europe

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Both Germany and the UK have had economic struggles that include pollution and over depletion of these types of resources found in nature.

In this economic system, the government determines what goods to produce, how to produce them, and for whom to produce these goods.

Although Russia does have a mixed economic system, it is closer to this end of the economic continuum.

In a ________ economic system, buyers and sellers determine what goods to produce, how to produce them, and for whom to produce these goods.

This economic system is based on bartering (trading) goods and services as people's ancestors did in the past.

Germany has this type of economic system in which Individuals/citizens own businesses corporations, and the government has some regulation in agriculture, telecommunications, and energy.

In this European country, businesses are owned mostly by individuals and corporations, but the government has many restrictions on businesses and controls many of the larger industries.

In this European country where King Charles III is the head of state, individuals/citizens own businesses and corporations, and the government collects taxes and regulate some aspects of businesses.