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


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?

Create Your Account To Take This Quiz

As a member, you'll also get unlimited access to over 79,000 lessons in math, English, science, history, and more. Plus, get practice tests, quizzes, and personalized coaching to help you succeed.

Try it risk-free
Try it risk-free for 30 days. Cancel anytime
Already registered? Log in here for access

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?

Create your account to access this entire worksheet
A Premium account gives you access to all lesson, practice exams, quizzes & worksheets
Access to all video lessons
Quizzes, practice exams & worksheets
Certificate of Completion
Access to instructors
Create an account to get started Create Account

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