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Command Economy. the government owns and offers all goods and services and decides what those goods and services will cost. Mixed Economy. market economy in which the government owns some property, offers some kinds of goods and services, and makes some rules that affect how businesses can compete. Monopoly.
Economic systems in which the market largely determines what goods and services get produced, who gets them, and how the economy grows. This trend of economic liberalization was accelerated by the end of the cold war and by the collapse of the Soviet Union.
AP Government Review Packet. AP Government Study Guide . Unit One: Constitutional Underpinnings . Fundamental Principles of Democracy . Direct Democracy – citizens meet and vote directly on government decisions .
Study with Quizlet and memorize flashcards containing terms like business cycles, business fluctuations, two phases of the business cycle and more.
Analyze the impact of big business on the economy and politics and the responses of Americans to these changes. Confine your answer to the period 1870 to 1900.
Learn about about two types of economies: command and market. In a command economy, the government controls everything, like factories and farms. In a market economy, businesses and people decide what to make and buy. Most countries have a mix of both, called a mixed economy.
Classroom Resources to Teach AP Macroeconomics. The lessons, articles, videos, podcasts, and online learning modules listed below are aligned with the College Board’s AP Macroeconomics Curriculum. A complete syllabus of these resources is available in Econ Lowdown.
