Question

Drag the tiles to the boxes to form correct pairs. Match each type of economy with its pattern of production. Tiles traditional equal results for everyone market based on traditions and customs socialist based on demand and supply forces communist controlled by the government

Answer 1

1) Traditional economy - based on traditions and customs.
2) Market economy- based on demand and supply.
3) Socialist economy - controlled by government. Producing and distributing goods is owned collectively or by a centralized government.
4) Communist economy - equal results for everyone. Collective ownership of property.