Try It
Try It #1
Economic Systems Examples Practice text version | Open Economic Systems Examples Practice in new tab
Try It #2
Remember that there are several types of economic systems, and each is determined by how a nation answers the three basic questions all economies must answer:
- What to Produce,
- How to Produce, and
- For Whom to Produce.
In the review activity below, determine the economic system that matches each scenario.
Economics Systems Review text version | Open Economics Systems Review in new tab