economy

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  • Hello. I am the ghost of economy. I personally like examining economies, and seeing how things are different. Now, Let's pay a visit to the first kind of economy. No need for human methods, I have my own...
  • This is an example of a command economy. Here, the government is in control of the economy, and completely regulates it. There is no competition or choice, either. Now, for the opposite.
  • You can buy the Middle Korea phone! It's the only option.
  • This is a market economy, a free system controlled by supply and demand. The first option has less suplly and more demand, and the second is the opposite. This is how this economy works.
  • Ihuman X on left, low supply, much demand. $1503.99 Ihuman 1 on right, high supply, low demand. $5.31
  • Meds for food? Good deal!
  • Ah, yes. The classic traditional economy ruled by bartering and trading. Here, each person specializes in one thing, and trades for others. This is a nice example. One more to go!
  • This is a mixed economy, a combination of command and market. It is ruled by supply and demand, but has some government regulation. This one's my favorite. 
  • Thermometer 1 is high supply low demand, and thermometer is the reverse.
  • Okay! Just don't use mercury, there are safety limits!
  • This has been fun! I hope you learned something! Ghost of economy flying out!
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