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Notes on "The 4 Types"
Ethan Alexander
5
English
11th Grade
02/29/2016

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Cards

Term

Gemma     1-2   Traditional Economic System   

  • Traditional system produces products and services all of their beliefs such customs, traditions, and religions.   
Definition
Term

Gemma     2-3     Command Economic System

  • The command economic system is the largest part of the economic system.
Definition
Term

Gemma    3-4     Market Economic System

  • A market economic system is close to a free market.
  • It attempts to regulate fair trade, government programs, moral business, monopolies, and more.
Definition
Term

Gemma     4-5     Mixed Economic System

  • A mixed economic system refers to a mixture of market and command economy.
Definition
Term

Gemma       3-4       Market Economic System

  • A market economy deals with supply and demand.
  • It has to do with the money and all the businesses.
Definition
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