Question

Match each letter with the correct answer.

Hint: Match choices by rearranging options on the right side or clicking the Save button.


A

Traditional Economy


B

Command Economy


C

Market Economy






the government decides answers to the three basic questions - the government controls all property and resources



individuals and businesses decide what to produce, how to produce and for whom to produce



based on custom and rituals - maybe an emerging economy - relies more on barter systems than money

Answer 1

a. based on custom and rituals it is tradition
c. individuals and buisenesses decide what to produce so bacially markey goods and marketing
b. the gov. decides answers to 3 basic questions

Answer 2

1) Command Economy is the government decides answers to the three basic questions - the government controls all property and resources.
2) In market Economy, individuals and businesses decide what to produce, how to produce and for whom to produce.
3) Traditional Economy is based on custom and rituals - maybe an emerging economy - relies more on barter systems than money.