The 3 Questions Economic Systems Answer
Individuals Control Production and Distribution
Consumer
Standard of Living
Mixed System
Market Economic System
Command Economic System
Traditional, Market, Command
The What, How, and Who of Production of Goods and Services
Measures How Well Needs and Wants Are Met
Traditional Economic System
Includes Both Provide Property and Government Control
Profit
Money Made After Subtracting Costs of Business
3 Types of Economic Systems
Buyer of Goods and Services
In this Economic System Government Controls Production and Distribution
This Economic System is Based on Past Ways of Life and Culture
