Apprentice Project Group Questionnaire-Must be completed in your paper
Economic Systems | |
Traditional | •Based on agriculture •Limited barter trade •Neolithic Civilizations •Early River Valley Civilizations
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Market | •Based upon Supply and Demand •Usually focus on consumer goods •Little government control |
Command | •Controlled by strong, centralized government •Usually focuses on industrial goods •Little attention paid to agriculture and consumer goods |
Mixed | •Combination of Market and Command economic systems •Market forces control most consumer goods •Government directs industry in need areas. |