Economics

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  • May is doing a presentation on different Economy and their principles.
  • So May is going to ask a people around the city about the different economies 
  • So they can have a privet property right.
  • A market economies is when the people control the resources. 
  • May was haing some trouble understanding
  • What is a traditional economy?  
  • I run a traditional economies that when everything runs the same way  that I always did.
  • So the profit will go between you and your family.
  •  For me its like a family tradition  to use a recipe. 
  • A mixed economy is when the people and the government run together.   
  • They have freedom of choice right. 
  • May then went to the store
  • another type of economy this store could be a command economy were the government control every thing.
  • Yeah they can be very competition. 
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