IncEc1 Economy Types Word Scramble
|
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.
Normal Size Small Size show me how
Normal Size Small Size show me how
| Question | Answer |
| Competition, profit motive, and moving in own self interest are key characteristics of | Free Market |
| The government decides what gets produced | Command Economy |
| Privatization of much of the businesses but also government ownership of utilities, banks, transportation, energy, health care, and education | Democratic Socialist/Mixed |
| Voluntary buying and selling of goods coordinated by markets | Free Market |
| Higher Taxes to pay for public welfare measures such as housing for the poor and paid maternity leave | Democratic Socialist/Mixed |
| Economic freedom is valued more than economic equity in society | Free Market |
| The government owns the factors of production | Command |
| The economic decisions are made based on norms that have been passed down in society from elders and previous generations | Traditional |
| Focus is on reducing the gap between economic classes while maintaining many individual economic freedoms | Democratic Socialist/Mixed |
Created by:
Gwen Schleif
Popular Economics sets