| A | B |
|---|
| traditional | Economy often found in nonindustrial countries |
| many small economies centered around tribes and customs. | Traditional economy |
| command economy | China is an example of this economy. |
| Individuals have little control or influence in this economy. | Command economy |
| Individuals and businesses have a say in this economy. | Market economy |
| Supply and demand | These are important functions in a market economy. |
| Canada and Japan are examples of this kind of economy. | Market economy |
| In this country, buyers and sellers have much freedom. | United States |
| private property | People have the right to own property without government interference. |
| capitalist system | In a mixed economy, means of production are owned by people and companies |
| socialist system | Means of production are owned mostly by the governments |
| communist system | The government owns everything. |
