Economic Systems Worksheet
Explore different types of economic systems and their characteristics with this Grade 6 social studies worksheet.
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Topics
Economic Systems
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Read each question carefully and provide your best answer. This worksheet will test your knowledge of economic systems.
1. Which economic system relies on customs, traditions, and beliefs to make economic decisions?
Market economy
Traditional economy
Command economy
Mixed economy
2. In which economic system does the government make all significant economic decisions?
Market economy
Traditional economy
Command economy
Mixed economy
3. In a economy, individuals and businesses make decisions based on supply and demand.
4. Most countries today operate under a economy, which combines elements of market and command systems.
5. In a market economy, consumers have little to no choice in what they buy.
True
False
6. A traditional economy is typically found in modern, industrialized nations.
True
False
7. Briefly explain the main difference between a command economy and a market economy.
Match the economic system with its description.
8. Traditional Economy
a. Government controls production and distribution.
9. Market Economy
b. Decisions based on customs and historical practices.
10. Command Economy
c. Supply and demand dictate economic activity.