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Economics

http://riskhomeschool.blogspot.com/

1Traditional economy  _____ Believed productivity was the determinant of wealth
2Command economic system  _____ Steered the United Kingdom away from socialism
3Market economy  _____ Centralized decision making
4Socialism  _____ A complete lack of centralized decision making
5Capitalism  _____ Means of production is owned and operated by the state.
6Margaret Thatcher  _____ A way of being productive and surviving by the uses of cooperation and sharing
7Karl Marx  _____ System based on private ownership of the means of production
8Adam Smith  _____ Believed in redistribution of wealth and income

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