Title: Identify the three main types of economic systems.
Course: Agricultural Business Fundamentals I (18201-I) > Section: Understanding Basic Economics

Identification should include

- market
- command
- traditional.

Process/Skill Questions:

- What is the primary economic system in the United States?
- What is the difference between centralized and decentralized economic decision making?
- What are the essential roles of government in a market economy?
- How does a government enforce property rights?
- How does a government prevent concentration of economic power?
- Who primarily determines how businesses are operated in a free-enterprise system?
- What is the role of trade in agriculture?