Economic Systems flashcards
54 flashcard decks by 52 users · Page 1 of 2
This Economic Systems page gathers over 40 community-made flashcard decks, from resource allocation to market, planned and mixed economies. They are mainly for school students practising key terms and comparisons, and teachers looking for ready-made material, with some university-level content too. Pick a deck and start revising.
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Flashcards
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16 cardsSection 2 - learning objectives 9-12 resource allocation and types of economies resource allocation and types of economies
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84 cardsAP Micro Chapter 2 and 3 Test
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46 cardsEconomics
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29 cardsMarkets What is an example of a free market economy?
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23 cardsFree market economies, mixed economy and command economy Definition of free market
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16 cards2.1 - The role of markets
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25 cardsCh 2 Econ Vocab
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25 cardsEconomics Unit 12 What are the three fundamental economic questions?
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7 cards4. Types of economy
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23 cardsChapter 3: The American Free Enterprise System
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22 cardsChapter 2
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12 cardsEC201 The Market System What is meant by "general equilibrium" and how does it differ from "partial equilibrium"?
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17 cardsChapter 16 Quiz Lesson1-3 What kind of resource is a factory building?
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9 cardsEconomic systems What is a planned economy
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12 cardsChapter #2 Vocab Econ
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4 cardsCOMMAND ECONOMIES FLASHCARDS IN A COMMAND ECONOMY GOODS AND SERVICES ARE IN THE HANDS OF A CENTRALIZED SYSTEM
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5 cardsFactors determining economic activity What is a state controlled economy?
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15 cardsChapter 19 Vocabulary Factors of Production
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10 cardsEconomic Systems and Money Economic Systems and Money
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6 cardsFree Market and Government Intervention
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10 cards1.1 Main economic groups and factors of production
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12 cardsUnit 1 Things you can see and touch
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38 cardsUntitled what is Economics
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47 cardsCapitalism Important Terms
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39 cardsUntitled
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19 cardsSocials Final
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18 cardsCivics Section 13 test Natural Resources that are needed for a business (soil, water, wildlife).
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29 cardsecomonics cards situation in which the supply of the good service available is less than then demand for it
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24 cardsUnit 2 Economic Quiz
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21 cardsvocab 1 communist economic system
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19 cardsEconomics Flashcards (Business Ed)
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14 cardsEconomic Issues terms free market economy
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6 cardsCommerce 4 factors of production Land Labour Capital Enterprise
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9 cardsCapitalism
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16 cardsEconomics Final Review 2 What is an opportunity cost?
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4 cardsUntitled Name the advantages and disadvantages of a traditional economy.
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1 cardsUntitled economic system The way in which a nation uses its resources to satisfy people's needs and wants mark...
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11 cardsU7 L1 WANTS AND ECONOMIC SYSTEMS
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8 cardsUntitled
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11 cardsUnit 2: Economic Systems and Issues in the Mixed Market Economy
More Economic Systems resources
About economic systems flashcards
GoConqr OriginalExplore Economic Systems flashcards
These decks give you short prompts on how different economies work. The resource allocation deck asks what to produce, how to produce it and for whom. Economic systems covers planned, market and mixed economies, including advantages and disadvantages.
For a starting point, try Economics Unit 12. Its questions introduce economic systems and the fundamental economic questions. You can then use Markets to revisit examples and features of free market and command economies.
Revise with a deck
Work through the prompts, then return to the terms you want to practise. To extend a comparison, use Free Market and Government Intervention for the benefits and costs of both. Teachers can also use a deck as a source of prompts for a topic review.
When you want to see ideas together, switch to a mind map on the unit page. A quiz can give you a different way to check your understanding. Choose a deck to explore first.
Frequently asked questions
Which flashcard deck should I start with?
Try Economics Unit 12 for questions about economic systems, traditional economies and the fundamental economic questions. If you already know those terms, Economic systems offers prompts on planned, market and mixed economies, including their advantages and disadvantages. Both give you a way to practise recalling definitions.
Are these flashcards free to use?
Yes. Every deck listed here is free to open and study without an account. The resources were made by GoConqr users. A free account also lets you make your own flashcards, quizzes, mind maps and notes, and save your quiz scores.
What topics do the decks cover?
The decks cover resource allocation, types of economy, markets and government intervention. Markets includes prompts about free market and command economies, while Free Market and Government Intervention looks at benefits and costs. Other decks introduce terms such as factors of production and the circular flow of economic activity.