The government owns most factories and decides what goods should be produced., Command/Planned Economic System, Individuals are free to start businesses and compete with other businesses., Free-Market Economic System, The government decides how many goods should be produced and controls their distribution., Command/Planned Economic System, Families produce food using methods and traditions passed down from generation to generation, Traditional Economic System, Private businesses operate alongside government-owned services such as public schools and hospitals., Mixed Economic System, Customs and traditions determine the type of work people do, Traditional Economic System, Businesses compete with each other to attract customers and make profits, Free-Market Economic System, Some services are controlled by the government, while many businesses are privately owned., Mixed Economic System

Economic System

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