Market and Command Economies
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My name is Steve and I will be taking around the world to show you the four Economic Systems.
A Market Economy is an Economic System where the Individuals, Like me, make all the decisions involved with the Economy. Most Market Economies are Democratic.
I am in Sydney, Australia. Australia is very close to having a complete market economy because they allow their citizens to have more freedom when making decisions about the economy.
This is a Command Economy.
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Cuba is the closest to having a pure Command Economy. They do not give economic rights to citizens.
A Command Economy is a Economic System that gives all power to the government. Most Command Economies are Communist.
On the Plane to a Mixed Economy.....
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