Types of Economic System (Socialism, Mixed economy) - SS1 Economics Past Questions and Answers - page 1

Which economic system emphasizes private ownership and competition in the market?

In which economic system is the government's role in regulating the economy minimal?

In which economic system does the government control the means of production?

Which economic system aims to balance the benefits of both socialism and capitalism?

Define socialism in one sentence.

What is the goal of a mixed economy?