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25 Cards in this Set

  • Front
  • Back
What is Subsistence?
individuals provide their own needs and wants
What is Free Enterprise?
same as capitalism consumers and producers make economic decisions.
In Fascism is their Free exchange?
Yes but, It's limited.
IS their free exchnage in Communism?
No
Is their Private ownership in Socialism?
Yes but, Private ownership is limited (Government owns major industrys)
What is in Market?
There is free exchange of goods and services
In Capitalism is their free exchange?
Yes, Free exchange exists
Who makes economic decisions in Fascism?
Dictator and advisors make the economic decisions.
In Fascism is the Private Ownership?
Yes!
Who makes the economic decisions in Communism?
Government leaders are who make the decisions.
Is their Private ownership in Communism?
No
In Capitalism who makes the economic decisions?
Producers and consumers have power over things.
Who makes the economic decisions in Socialism?
Government and private owners make the decisions.
Who makes the economic decisions in Socialism?
Government and private owners make the decisions.
Who makes the economic decisions in Mixed Free Enterprise?
Producers and consumers and little government.
In Capitalism dose Private ownership exists?
Yes
Is their free exchange in Socialism?
Yes
In Mixed Free Enterprise is their Free exchange?
Yes, but Free exchange is slightly limited
In Mixed Free Enterprise is their Free exchange?
Yes, but Free exchange is slightly limited
In Mixed Free Enterprise can their be Private ownership?
Yes, But it's limited
IN a Traditional economy how are the economic decisions made?
economic decisions are based on what ancestors did in the past.
What is Free exchange?
People have the freedom to but and sell what they want.
What is Private ownership?
People are allowed to own resources for the purpose of production
In Controlled & Command who makes economic questions for the whole groups?
selected leaders decide
In Controlled & Command who makes economic questions for the whole groups?
selected leaders decide