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Economic systems monday 3 11

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angiematheny

There are three main types of economic systems: traditional economies, command economies, and market economies. Most modern economies are mixed economies that incorporate aspects of both command and market systems. In a mixed economy, private businesses determine production levels while governments regulate certain industries. Australia has one of the freest mixed economies in the world, with minimal restrictions on private markets and privately-owned industries and businesses.

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Economic Systems Unit 12 Notes
Different Economic Systems ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Traditional Economy ,[object Object],[object Object],[object Object]
Traditional Economy ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Traditional Economies ,[object Object],[object Object],[object Object],[object Object],[object Object]
Command System ,[object Object],[object Object],[object Object]
Command Economy ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Command System ,[object Object],[object Object],[object Object],[object Object],[object Object]
Market Economy ,[object Object],[object Object],[object Object],[object Object],[object Object]
Market Economy ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Market Economy ,[object Object],[object Object],[object Object],[object Object],[object Object]
[object Object],[object Object],[object Object],[object Object],[object Object]
Mixed Economy ,[object Object],[object Object],[object Object],[object Object]
Mixed Economy ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Mixed Economies ,[object Object],[object Object]
Australia’s Economy ,[object Object],[object Object],[object Object],[object Object]
Australia’s Economy ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Economy Continuum Command Market Cuba Russia Germany US Australia UK

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Economic systems monday 3 11