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12 Cards in this Set
- Front
- Back
- 3rd side (hint)
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Everyone knows which role to play
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Traditional
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Traditional
Command Market Mixed |
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The primary weakness is dealing with the FOR WHOM question
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Command
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Traditional
Command Market Mixed |
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The type of economy where a central authority makes all of the decisions.
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Command
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Traditional
Command Market Mixed |
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The strength of this economy is the ability to make a quick and decisive change in a short period of time
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Command
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Traditional
Command Market Mixed |
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People and firms act in their own best interests
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Market
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Traditional
Command Market Mixed |
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Economy where life is stable, predictable, and continuous.
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Traditional
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Traditional
Command Market Mixed |
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Everyone is able to think for themselves and have their own voice
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Market
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Traditional
Command Market Mixed |
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"You must sacrifice for the good of the state."
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Command
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Traditional
Command Market Mixed |
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This economy discourages new ideas or ways of thinking.
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Traditional and Command
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There are 2 for this one.
Traditional Command Market Mixed |
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A weakness of this economy is that it rewards only productive resources.
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Market
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Traditional
Command Market Mixed |
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Akk economies today are not pure, they are this type of economy.
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Mixed
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Traditional
Command Market Mixed |
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Economy based on the "Laissez Faire Economics" principle.
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Market
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Traditional
Command Market Mixed |
