Matching Pairs Economic Systems (D)Online version Match the various descriptions to the correct economic system by Ericka Rodriguez 1 Communist System 2 Mixed System 3 Traditional System 4 Capitalist System 5 Socialist System Government owns the means of production for basic goods Nations economic decisions are the result of individual decisions by buyers and sellers in the marketplace The use of scarce resources (and nearly all other economic activities) stems from ritual, habit, or custom A central authority/ government makes the major decisions about WHAT, HOW, and FOR WHOM to produce. An economic system that has some combination of traditional, command, and free enterprise systems