four types of economic systems - katy independent...
TRANSCRIPT
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FOUR types of Economic Systems
1. TRADITIONAL ECONOMY
Cottage Industries
Subsistence Agriculture
What are the main features of a Traditional Economy?
Does the US have this type of Economy?
What is ECONOMICS?
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2. Which heading best completes the partial outline?
I. _______________________________
A. Interaction of Supply and DemandB. Profit Incentive
C. Entrepreneurs
U
S
A
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G o v
e r
n m e
n t
3. Communism
National Plan
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4. Socialism
Market Reforms and Class Struggle
Most countries have Mixed Economic Systems
Which country would be the most developed?
Why?
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What type of Agriculture?
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What factors determine how developed a country is?
What are the Economic Indicators?