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Economics

Economics. How many basic types of economic systems are there? 3 Name the economic systems. Traditional, Command, Market

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Economics

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  1. Economics • How many basic types of economic systems are there?3 • Name the economic systems.Traditional, Command, Market • Which economic system do most textbooks say is the most common throughout the world? Mixed. The GCEE states that mixed is not an economic system but rather a blending of two different types of systems.

  2. Economic Systems Pure Market Pure Command Mixed Economy

  3. Oh Canada! • Canada’s national and provincial governments provide health care for all citizens. • Broadcasting, transportation, and electric power are heavily regulated. These public services might not have been available in Canada’s remote area without government support. • The Grand Banks, one of the best fishing grounds in the world, is now regulated by the government because of overfishing.

  4. Economic Systems Pure Market Russia 51% Germany 71% United Kingdom 79% 0 100 Pure Command Mixed Economy

  5. Economic Systems Pure Market Cuba 28% Brazil 57% Canada 81% 0 100 Pure Command Mixed Economy

  6. Economic Systems Pure Market Australia 83% 0 100 Pure Command Mixed Economy

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