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Types of Economic Systems: Traditional, Command, Market & Mixed

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

Which of these types of economy do you think is the most ancient?

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1. A country that is putting all of its effort into winning a war would be most likely to lean towards which of these economic systems?

2. With its fair market approach and government regulation, the U.S. is which of the following types of economies?

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About This Quiz & Worksheet

This quiz and worksheet combo will examine the four major economic systems within the world, and how they vary from each other. You will be quizzed on the history of these economic systems and the characteristics of each system.

Quiz & Worksheet Goals

This quiz will test you on:

  • The economic system with the most government regulation
  • The past and present economies of the United States
  • The oldest type of economic system

Skills Practiced

This quiz and worksheet allows students to test the following skills:

  • Reading comprehension - confirm that you have taken the most significant information relating to economics systems and can apply it appropriately
  • Distinguishing differences - compares and contrast the diverse global economies, such as Anglo-Saxon and Nordic economies
  • Knowledge application - assess your understanding of these varied economic systems by answering questions about their characteristics

Additional Learning

To review concepts related to the major economic systems of the world, read through the brief lesson titled Types of Economic Systems: Traditional, Command, Market & Mixed. This lesson will help you:

  • Define Anglo-Saxon and Nordic economies
  • Compare and contrast traditional, command, market, and mixed economies
  • Recall what economic systems are currently being used
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