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Economic systems

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Term
Definition
show the method used by a society to produce and distribute goods and services  
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Factor payments   show
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show the love of one's country; the passion that inspires a person to serve his or her country  
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show government programs that protect people experiencing unfavorable economic conditions  
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show level of economic prosperity  
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show economic system that relies on habit, custom, or ritual to decide questions of production and consumption of goods and services  
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Market economy   show
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Centrally planned economy   show
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show Economic system in which a central authority is in command of the economy; a centrally planned economy  
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show Market based economic system with limited government involvement  
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