The American Economic System
... Socialism: Government controls major industries and distributes many needs and wants ...
... Socialism: Government controls major industries and distributes many needs and wants ...
Guide 3
... Traditional Economic System- An economics system that is based on customs and traditions. The focus is to produce and sell products in the same manner generation after generation. (Example would include the Amish society) Command Economic System- A system where the Government has control over the al ...
... Traditional Economic System- An economics system that is based on customs and traditions. The focus is to produce and sell products in the same manner generation after generation. (Example would include the Amish society) Command Economic System- A system where the Government has control over the al ...