Correctly match the word with the description
Question 1 options:
the military
market economy
collective farms
mixed economy
command economy
natural resources
Traditional Economy
1.
Economic decisions are determined by custom and habit
2.
Economic decisions are determined by the government
3.
Economic decisions are made by individuals who decide what to produce and what to buy.
4.
Has characteristics of a free market and free enterprise as well as some government planning and control.
5.
In the years after the communist revolution, the Chinese government organized farmers into
6.
The Japanese economy has to make up for the country's lack of
7.
The government of North Korea has spent a great deal of the country's money on
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