Why does every country have a type of economic system?

What is the key factor in determining the type of economy a country has?

The greater the amount of decision making that is left to the individual, the closer a system is to - what economic system?

The greater the amount of decision making that is left to a centralized authority , the close the system is to a - what kind of economic system?

What are the basic questions that every economic system must answer?

Does each economic system answer the three basic economic questions the same?

What is a traditional economy?

In a traditional economic system, how are jobs or careers determined?

What are the characteristics of a free market economic system?

Which economic system has a profit motive and competition?

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