More cards in this set

Which two economies is a Mixed economy a combination of?

In which economy does the government make all economic decisions and is meant to benefit all citizens of a country?

Which economy produces little surplus and has low productivity leading to poor standard of living?

In which economy does the price mechanism and level of profitability affect the quantity supplied?

In a Free Market economy what role does the consumer play?

What are two methods used for an economy to become mixed?