Question

Match the economic term in column 1 with the definition in column 2.

Command
economy
Economic decisions made
by the free choices of
producers and consumers
Mixed economy
?
Government tells
producers how and what
to produce
Free-market
system
?
Hunting and gathering
growing food crops, and
herding animals
Traditional
economy
Combines the principles of
free choice and
government intervention
bодлоно

Answer 1

Command economy - Government tells producers how and what to produce.

Mixed economy - Combines the principles of free choice and government intervention.

Free-market system - Economic decisions made by the free choices of producers and consumers.

Traditional economy - Hunting and gathering, growing food crops, and herding animals.