Comparing Economic Systems - Mesa Public Schools
[Pages:1]Building Key Concepts
2C Transparency
Answers
1. a market economy, because individuals answer the key economic questions
2. a centrally planned economy, because the government answers the key economic questions
Comparing Economic Systems
Each economic system represents a different set of responses to the three key economic questions. A society's economic system reflects the importance the society places on various economic goals.
Economic System
Traditional economy Market economy Centrally planned economy Mixed economy
Who Answers the Three Key Economic Questions Custom Individuals Central government
Individuals, but with some government involvement
1. Which economy do you think is most responsive to consumers? 2. Which economy do you think most restricts economic freedom?
? Prentice-Hall, Inc.
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