Economic Systems

All Economic Systems seek to answer the three basic economic questions ,[object Object],[object Object],[object Object]

Traditional Economies ,[object Object],[object Object]

Traditional economies ,[object Object],[object Object],[object Object]

Examples of traditional economies ,[object Object]

How do traditional economies answer the three basic questions? ,[object Object],[object Object],[object Object]

Advantages of traditional economy ,[object Object],[object Object]

Disadvantages of Traditional economies ,[object Object],[object Object]

Command Economies ,[object Object]

Examples of command economies ,[object Object],[object Object]

How do command economies answer the basic economic questions? ,[object Object],[object Object],[object Object]

Advantages to command economy ,[object Object],[object Object],[object Object]

Disadvantages of command economies ,[object Object],[object Object],[object Object],[object Object]

Market Economies ,[object Object],[object Object]

Examples of market economies ,[object Object]

Advantages of Market Economies ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Disadvantages of Market Economies ,[object Object],[object Object],[object Object],[object Object]

What kind of economy do the U.S.A., Canada, and the U.K. really have? ,[object Object],[object Object],[object Object]

Mixed Economic systems ,[object Object],[object Object]

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