Match each term with the correct item. Not all choices will be used.

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.
This is the term used to describe economic systems in which the basic economic questions are answered based on a socially, pre-established way.
This is an economic system characterized by a central authority which makes major economic decisions
This is an economy in which the government has little to say about what, how, and for whom goods are produced; the factors of production are privately owned
This is a free enterprise system with some government involvement.
Mixed EconomyEconomic SystemTraditional EconomyCommand EconomyMarket Economy

Answer 1

1. This is the term used to describe economic systems in which the basic economic questions are answered based on a socially, pre-established way.
   Traditional Economy

2. This is an economic system characterized by a central authority which makes major economic decisions.
   Command Economy

3. This is an economy in which the government has little to say about what, how, and for whom goods are produced; the factors of production are privately owned.
   Market Economy

4. This is a free enterprise system with some government involvement.
   Mixed Economy