Match The Terms

1. An economis system in which in which people do things the way that they have always been done.
2. A economis system influences by the commands,or directives, of centural authority consisting of one person or a small group who controls others in society.
3. A economis structure in which the government makes decisions concerning the the commonly owned natural and capital resources.
4. An economic and political structure in which the government owns major industries but allows for private owner ship of other businesses.
5. .A market economic system in which individuals and companies own and direct most of the resources used to produce goods and services including land capital and labor.
6. A economic system that is made up of parts of several economic systems.
7. The total value of all final goods and services produced by the economy over a given period of time.