(1.4.b) the world exam\ndrag and drop the term to the correct definition.\ncombination of individual and…

(1.4.b) the world exam\ndrag and drop the term to the correct definition.\ncombination of individual and government ownership of the factors of production.\nbased on customs and traditions within a society.\ngovernment owns and operates the factors of production.\nindividuals own and operate their own factors of production.\ntraditional/agrarian mixed economy command economy/socialism market economy/capitalism

(1.4.b) the world exam\ndrag and drop the term to the correct definition.\ncombination of individual and government ownership of the factors of production.\nbased on customs and traditions within a society.\ngovernment owns and operates the factors of production.\nindividuals own and operate their own factors of production.\ntraditional/agrarian mixed economy command economy/socialism market economy/capitalism

Answer

Brief Explanations:

  1. A mixed economy combines individual and government ownership of production - factors.
  2. A traditional/agrarian economy is based on customs and traditions.
  3. In a command economy/socialism, the government owns and operates production - factors.
  4. In a market economy/capitalism, individuals own and operate their own production - factors.

Answer:

  1. Combination of individual and government ownership of the factors of production: Mixed Economy
  2. Based on customs and traditions within a society: Traditional/Agrarian
  3. Government owns and operates the factors of production: Command Economy/Socialism
  4. Individuals own and operate their own factors of production: Market Economy/Capitalism