Economic Systems

go to

Pure Economies
The Us Economy
1 Define “pure market economy

2 What is a pure command economy ?

3 What is the difference between socialism and capitalism with respect to government control ?

4 Why do we need government regulation of markets ?

5 Why do we need relatively free markets ?

6 What are the three indicators of much government is involved in the economy and how does the government use each of the areas to influence the economy ? Give an examples for each area