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In a ____________________ economy , resources , goods and services are considered ____________________ property . Most production takes place in the ____________________ , and lacking industry , these economies tend to be poor in ____________________ . While ____________________ do have some choice about the goods and services they consume , generally ____________________ constrains those choices . Finally , family , ____________________ , and custom influence the decisions of consumers and producers . Early ____________________ societies as well as ____________________ American societies had traditional economies . There are very ____________________ today .

A second type of economy is the free ____________________ economy . In a free market economy , individuals have total ____________________ to make ____________________ about the goods and services they will consume . ____________________ individuals own resources as well as the means of production . The laws of ____________________ and ____________________ control what is produced . In this economic system , there is no ____________________ intervention . Because there is not true free market economy , this model is largely ____________________ .

Another economic system is the ____________________ economy . In this system , the ____________________ owns all of the resources and controls production and consumption . The government controls the ____________________ of goods and services . Individuals have ____________________ choice in this system . Two examples of this economic system are the ____________________ economies of North ____________________ and Cuba .

A final type of economy is the ____________________ economy . This is the most common throughout the world . It contains elements of both the ____________________ market system and the command ____________________ . In a mixed economy , both the ____________________ and individuals own resources . Most decisions about production and consumption are made by ____________________ . The government only interferes to promote the ____________________ of the nation and to ____________________ consumers . The ____________________ States is a good example of a mixed economy .