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