Name: _________________________________ Period: ____

Directions: Use page 189 to complete the following chart.

Market Economy Centrally Planned Economy Mixed Economy
In your own words, describe this kind of In your own words, describe this kind of In your own words, describe this kind of
economy: economy: economy:

What is another name used to describe this What is another name for this kind of What do Socialists argue is the only way to
kind of economy? economy? achieve economic equality?

Describe the key element of supply and Describe the typical communist economy.
demand.

Who plays the most important role in a mixed

economy?
What are the negative aspects of a
Describe the other key element of self- communist or Centrally planned economy?
interest.

List a modern day example:

List a modern day example: List a modern day example: