Shared Flashcard Set

Details

Note for "The 4 Types"
Fenise Haarris
4
English
11th Grade
02/29/2016

Additional English Flashcards

 


 

Cards

Term

Gemma     1-2     Traditional Economic System

  • Traditional and ancient 
  • Beliefs, customs, traditions, religons 
  • Sell, trade and barter
  • Profit or surplus
  • Market or mixed economy
  • Surplus is very rare  thing 
  • Distributed, wasted, or paid 
  • Tradition and custom
  • Non existant in market/mixed economies
  • Specific and pronounced role 
  • Close-knit and socially satisfied 
  • Western medicine, centralized utilities, technology
  • Happiness, peace, social, or most ironically of all, economic stability.
Definition
Term

Gemma     2-3      Command Economic System

  • Fairer or exact improvement 
  • Controlled by a centralized and the federal government
  • government involed in the industrial process from the equipment to the facilities
  • CFA ( CFA Level 1 Economics Curriculum)
  • A command economy capable creating a healty supply
  • Micro and macro economics program
Definition
Term

Gemma    2-3       Market Economic System

  •  Its like a free market
  • Grovernment don't control vital resources, valuable goods or any other major segment of the economy
  • Capitalism and socialism
  • Fair trade
  • Groveernment programs
  • Moral Business
  • Monopolies
  • Price allowed to freely supply  and demand
  • Sweet class on Economics Without Boundaries
  • Market Economy And Politics
  •  
Definition
Term

Gemma         4-5       Mixed Economic System  

  • Its known as Dual Economy too
  • Its mixture of a market and command economy
  • Benefits of a Mixed Economy
  • They are education, transportation, and USPS.
  • Disadvantages of a Mixed Economy
  • Pivotal debate between Democarats and Republicans
  •  
Definition
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