Characteristics of Economic Systems Comparison Chart
2.01 Characteristics of Economic Systems Comparison Chart
List characteristics for each type of economic system by answering questions in the left column for each type of economic system.
|Characteristics |Traditional |Market |Command |Mixed |
|Who makes economic decisions? | | | | |
|What is the government's role in the | | | | |
|economy? | | | | |
|What motivates the economy? | | | | |
| | | | | |
|How are resources allocated? | | | | |
| | | | | |
|Is the level of competition high or | | | | |
|low in the economy? | | | | |
|What are examples of this type of | | | | |
|economy? | | | | |
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