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Understanding Economic Systems: Types of Economic Systems
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Understanding Economic Systems: Types of Economic Systems
1.
UNDERSTANDING Economic S y s
t e m s https://flic.kr/p/5qXwdZ
2.
https://flic.kr/p/aPrCNP TypesOf Part3: Economic Systems
3.
Economic S y s
t e m s https://flic.kr/p/7VhPft Nations’ plans for answering three main economic questions.
4.
https://flic.kr/p/fBT7uZ 1.What to produce?
5.
https://flic.kr/p/fBT7uZ 1.What to produce? 2.Howtoproduceit?
6.
https://flic.kr/p/fBT7uZ 1.What to produce? 2.Howtoproduceit? 3.ForWhomToProduce?
7.
Economic S y s
t e m s https://flic.kr/p/dSXXyh TypesOf
8.
Traditional E C O
N O M Y https://flic.kr/p/8292JW Goods and services are produced based on customs and are centered on family.
9.
COMMAND E C O
N O M Y https://flic.kr/p/4Q7GuU Also known as a communist economy
10.
COMMAND E C O
N O M Y https://flic.kr/p/8HsVv1 Government controls all resources, and dictates how much to produce.
11.
MARKET E C O
N O M Y https://flic.kr/p/o6Qwp7 Resources & production are controlled by people, and the law of supply & demand
12.
MIXED E C O
N O M Y https://flic.kr/p/brnwPM Economy that combines elements from command and market economies.
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