Is it planned/market/mixed economy?

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42 Terms

1
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Competition

Market Economy

2
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Communism (resources are shared equally among all people in society)

Planned Economy

3
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Marxism

Planned Economy

4
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Socialist Leaning (more gov/public)

Planned Economy

5
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Capitalist Leaning (less gov/private)

Market Economy

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Equality of Opportunity (everyone gets the same opportunity)

Market Economy

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Equality of Outcome (everyone has the same income/amount of money, no matter how hard they work, they all have the same outcome)

Planned Economy

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Command Economy

Planned Economy

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Public Enterprise

Planned Economy

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Community good/welfare

Planned Economy

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Economic equality

Planned Economy

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Society

Planned Economy

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Government ownership of means of production

Planned Economy

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Capitalist Economy

Market Economy

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Laissez-Faire (let the economy do its own thing)

Market Economy

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Private Enterprise

Market Economy

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Individualism

Market Economy

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Freedom

Market Economy

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Choice

Market Economy

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Individual ownership

Market Economy

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Left Wing

Planned Economy

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Right wing

Market Economy

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High degree of government control

Planned Economy

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Low degree of government control

Market Economy

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High level of social service

Planned Economy

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Low level of social services

Market Economy

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Higher taxes

Planned Economy

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Lower Taxes

Market Economy

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Basic principles that a __________economy relies on: Profit, freedom, choice, individualism

Market Economy

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Basic principles that a __________ economy relies on: Equality, security, community, society

Planned Economy

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Enjoying both the benefits of freedom and security is what we attempt to do with a _________ economy.

Mixed Economy

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Profit is a pillar/value of a ___________ economy:

Market economy

33
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Private ownership is a pillar/value of a ___________ economy:

Market Economy

34
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A self-regulating market is a pillar/value of a ___________ economy:

Market Economy

35
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Freedom is a pillar/value of a ___________ economy:

Market Economy

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Individualism(consumers choose) is a pillar/value of a ___________ economy:

Market Economy

37
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Competition is a pillar/value of a ___________ economy:

Market Economy

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Equality is a pillar/value of a ___________ economy:

Planned Economy

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Common good is a pillar/value of a ___________ economy:

Planned Economy

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Public ownership of everything is a pillar/value of a ___________ economy:

Planned Economy

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Having the government controlling the factors of production is a pillar/value of a ___________ economy:

Planned Economy

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Cooperation is a pillar/value of a ___________ economy:

Planned Economy