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Notes on"The 4 Types"
Jace Dennis
5
English
11th Grade
02/29/2016

Additional English Flashcards

 


 

Cards

Term

Gemma     1-2     Traditional Economic System

 

  • Tradition: is cherished
  • The Tradtion might be gobe , but it will still produce products.
  • Minimal Waste: Traditional economics will never see in a million years.
  • Advantages And Disadvantages: The main disadvantages is that the Traditional economics do not enjoy the things other economic take granted for.
Definition
Term

Gemma   2-3  Command Economic System

 

  • Centralized Control 
  • The centralized Control is powered by the federal government.
  • Supposed Advantages
  • This Supposed Advantages is related to the Market Economy.
  • Hand In The Cookie Jar
  • This is the nature of a command economy and many communist governments.
Definition
Term

Gemma   3-4   Market Economic System

 

  • Capitalism And Socialism
  • This makes the economy freely operate and based on supply and demands.
  • Market economy And Politics
  • This prevents the government from controling and being to powerful.
Definition
Term

Gemma   4-5  Mixed Economic System

 

  • A mixed economic system is just like it sounds but it refers to a mixture of market and command economy.
  • Benefits Of a Mixed Economy
  • The market is more or less free of government.
  • Disadvantages Of A Mixed Economy
  • The last 100 years in America has seen a rise in government power.
  • Please Respect The Thin Line
  • It must be a strong government to avoid collapsing under this constant pressure.
  • The America Economy
    We made a lot of mistakes like pollution, depletion of resources, civil rights and more. 
Definition
Term

Gemma   1-5   Mixed Economic System

 

  • Mixed Economic System
  • I like it because it has a mixed of all economic systems and how they work.
  • They all refer about Americans and there economy and how they work and run.
Definition
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