Economy

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  • Introduction
  • Today I will teach you about how economies are in the form of amusment park
  • Freedom Of Choice 
  • Deciding where you want to go is your freedom of choice. Freedom of choice is where you have the right to choose what you want to do 
  • Competition drives us to lower our prices
  • Entering the Park
  • When you go to the park, you must pay the cashier money, so the park can make a profit. You must also give them your private property so they can check for unlawful devices. Your private property could include your bags.
  • There are different types of economies that allow us to make business. One is called command; an economy completely controlled by the government. North Korea is an example
  • Command  and Market Economy
  • The next economy is the market economy which specializes in allowing the people total control over the economy, and allow them to shape it themselves however they want. This is like the United States
  • Mixed Economy and Market Economy
  • The other economy is mixed which is between command and market, a mixed economy. France is a real-life example.
  • The last economy is traditional which is an economy that operates on how the community had always had. An example of this could be a tribe in Africa.
  • Benefits of the Economies
  • I hope you take this information to heart! Bye.
  • All these economies helps the capital the people are willing to produce.
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