vocabulary
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
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| Economic system | organized way in which a country handles its economic decisions and solves its economic problems
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| Traditional economic system | produce only what they must have in order to exist; all economic decisions are based on habit and traditions
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| Command economic system | production and distribution are owned and controlled by the government
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| Communism | controls and does not allow private ownership of the means of production and distribution
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| Socialism | basic means of production and allows private ownership of businesses
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| Market economic system | determined supply, demand and prices of goods and services, that are determined in a free price system
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| Private enterpise | the means of production the human, natural resources and capital goods used to produce goods and serivices
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Review the information in the table. When you are ready to quiz yourself you can hide individual columns or the entire table. Then you can click on the empty cells to reveal the answer. Try to recall what will be displayed before clicking the empty cell.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
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Created by:
Zakiawatkins
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