Types of Econ Systems

2. The choices individuals and groups make to provide for needs and wants is the core of this field.
3. The most common type of economic system in the world today.
4. Economic system where the government is in complete control.
5. A traditional system is based on traditional ways of doing things and these beliefs.
7. The government in a command system sets the ____ for goods and services.
10. The oldest economic system
11. Country with a command economic system (single word).
12. Who makes all the economic choices in a market system?
13. An economic system is determined by how a society answers three basic
14. The system in which individuals make all the economic choices, also known as capitalism.
15. Something used in traditional systems for trading goods and services instead of buying things.
16. Small family farms that produce most of what each family needs to survive.
17. In a command system, individuals don't have this.
18. Country with a command economic system (two words).
21. One of the three basic questions: For ____ should it be produced?
23. One of the three basic questions: What should be ____?

1. The command economy is a key feature of most ____ societies.
5. The U.S. was once closer to being a true market system, also known as ____.
6. In a traditional system, many goods are produced by ____.
8. Type of economy where individuals and the government share making choices.
9. The former ____ Union is an example of a country that had a command economy (two words).
10. The U.S. government has influenced the economy by imposing numerous laws, creating many agencies, and imposing what?
14. The government has little say in a ____ system.
19. One of the three basic questions: ____ should it be produced?
20. Choices that each society or nation selects lead to the creation of their type of what?
22. In a market system, individuals have ____ on how resources will be used and owned.