Match the economic system to its definition.(2 points)

Question

Put responses in the correct input to answer the question. Select a response, navigate to the desired input and insert the response. Responses can be selected and inserted using the space bar, enter key, left mouse button or touchpad. Responses can also be moved by dragging with a mouse.
mixed economy
market economy
command economy
traditional economy

Answer 1

Sure! Here are the definitions matched with the respective economic systems:

1. Market Economy: An economic system where decisions regarding investment, production, and distribution are driven by the supply and demand of goods and services, with minimal government intervention.

2. Command Economy: An economic system where the government makes all decisions regarding the production and distribution of goods and services.

3. Mixed Economy: An economic system that incorporates elements of both market and command economies, allowing for both private and public enterprise.

4. Traditional Economy: An economic system that is based on customs, traditions, and beliefs, where economic decisions are made by the community based on established practices.

If you have an interactive platform or specific format in which to enter these matches, please let me know, and I can guide you further!