1. What is an economic system?
2. How many kinds of economic systems are there in the world today? What are they?
3. Planned economies are economies with a large amount of central planning and direction, aren’t they?
4. Who decides production and consumption in command economy?
5. What are the advantages of planned economies?
6. Are there any disadvantages also exist?
7. Does the government play any role in the management in a true market economy ?
8. What is free enterprise economy based on?
9. Are resources in a market economy allocated in accordance with the laws of supply and demand or in accordance with the decisions of the government?
10. What is the principle aim of mixed economies?