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"hey peter i just learned about mixed economys" "whats that Ann" "its an economy combining private and public enerprises" "what countrys use that economy" "our country you silly head, France"
"peter guess what i just learned about in government class today" "what" command economy, an economy in which production, investment, prices, and incomes are determined centrally by a government" "what country's have that" "country's like china, soviet union, and North Korea"
"Today i learned about a new form of economy peter want to hear about it" "yes what is it" "Market economy,decisions regarding investment, production, and distribution are based on market determined supply and demand, and prices of goods and services are determined in a free price system" "doesn't the united states have a market economy" "yes"
"peter today i learned about the last form of economy" "what is it" traditional econy, its a system in which traditions, customs, and beliefs shape the goods and the services the economy produces, as well as the rules and manner of their distribution. Countries that use this type of economic system are often rural and farm-based." "what kind of country would have that economy" "some tribes in northern Canada have a traditional economy"
"thanks for telling me all about the different economys of the world ann" hey no problem peter anytime you want to know more about them just ask me"
"all the other economys sound great but im fine with the one here i lke it here" "me too"
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