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Economic Systems

AB
Free Marketbusinesses are driven by profit
Command EconomyThe government controlls all aspects of the economy
Based on supply and demandmarket economy
subsistence farmingfeeding yourself and your family
widest selection of consumer goodsfree enterprise
secondary activitymanufacturing cars
primary activitygrowing corn
tertiary activityowning a pedicure shop
quaternary activitygathering insurance information
less developed countryhigh infant mortality
more developed countrylow levels of illiteracy
newly industrialized5% world's population


Veribest High School
Veribest, TX

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