drag the tiles to the boxes to form correct pairs. select the type of economic system that best matches each…

drag the tiles to the boxes to form correct pairs. select the type of economic system that best matches each of the given descriptions. traditional based on government control of resources and production market based on traditions and customs command based on the forces of supply and demand mixed based on price rationing and includes some government involvement

drag the tiles to the boxes to form correct pairs. select the type of economic system that best matches each of the given descriptions. traditional based on government control of resources and production market based on traditions and customs command based on the forces of supply and demand mixed based on price rationing and includes some government involvement

Answer

Brief Explanations:

  1. A command - economy is characterized by government control of resources and production.
  2. A traditional economy is based on long - standing traditions and customs.
  3. A market economy is driven by the forces of supply and demand.
  4. A mixed economy uses price rationing and has some government involvement.

Answer:

  • based on government control of resources and production → command
  • based on traditions and customs → traditional
  • based on the forces of supply and demand → market
  • based on price rationing and includes some government involvement → mixed