Questions



|Questions |Description of the System: |How do they answer the three basic |What are the main problems |Main People, Writings, |

| |Characteristics? |Economic Questions? |associated with this system | |

|Economic Systems | |What? How? For whom? | | |

|Traditional Economy | | | | |

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|Market Economy | | | | |

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|Command Economy | | | | |

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|Mixed Economy |All countries are this. | | | |

Market

Laissez-faire

Wealth of Nations

Invisible hand

The Keynesian Theory

Free Enterprise

Capitalism

Traditional Society

Market Economy

Mixed Economy

Fiscal Policy

Deficit Spending

Private property

Profit motive

Incentives

(Communism-Command)

Communist Manifesto

Communism –

Command

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