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An economic system in which the central government directs all major economic decisions?
an economic system in which the central government directs all major economic decisions
Match the economic system with the players who are responsible for the important economic decisions?
Command economy: Government planners. Free-market system: Costumers and producers. Mixed economy: Government officials and producers
What groups of players make all of the economic in a free market system?
The consumers make all decisions in a free market economy
What groups of players make all the economic decisioins in a free-market system?
The consumers make all decisions in a free market economy
What is an economic system in which the economic decisions are controlled from outside by a central agency?
Command
An economic system in which the central government directs all major economic decisions?
an economic system in which the central government directs all major economic decisions
Match the economic system with the players who are responsible for the important economic decisions?
Command economy: Government planners. Free-market system: Costumers and producers. Mixed economy: Government officials and producers
What groups of players make all of the economic in a free market system?
The consumers make all decisions in a free market economy
What groups of players make all the economic decisioins in a free-market system?
The consumers make all decisions in a free market economy
What is an economic system in which the economic decisions are controlled from outside by a central agency?
Command
Which of these describes a market economic system?
Economic decisions are based on supply and demand. A+
What economic system are the decisions based on customs?
traditional
2 In a free-enterprise economic system unlike a command system economic decisions are made primarily by?
Consumers.
An economic system where decisions are made by producers and consumers are what?
Free-Market system
Which economic system favors decisions by consumers?
mixed capitalism
What determines what type of economic system a country has?
Decisions about the kind of economic system a country has are normally made by that country's government.
What is freemarket system?
It means the the business is privately owned and operated. It is not owned or controlled by the goverment.
