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Name the three types of economic systems

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isaiahnpowell

Updated 3 months ago

1. Word cloud
60 seconds
Name the three types of economic systems
2. Slide
60 seconds
Types of Economic Systems
Command Economy: Government owns and controls the means of production. Market Economy: Decisions are based on supply and demand. Mixed Economy: Combines elements of command and market economies.
3. Open question
240 seconds
What are the main characteristics of a traditional economic system?
4. Open question
300 seconds
What are the advantages and disadvantages of a mixed economy?
5. Personalised Feedback
360 seconds
What are the key differences between a capitalist, socialist, and communist economic system?
6. Open question
300 seconds
How does economic system affect a country's wealth?
7. Open question
300 seconds
What are the advantages and disadvantages of capitalism, socialism, and communism?
8. Open question
300 seconds
What are some examples of countries that use each of the 3 economic systems?
9. Open question
300 seconds
What do you think is the best economic system?
10. Open question
300 seconds
How do economic systems affect a country's citizens?

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