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I am going to the supermarket to pick up some food, but I hope the economy is doing good these days.
I want to trade this piece of pumpkin pie for some pieces of glass. So do we have a deal?
When people specialize in one good or service then trade and barter goods that is traditional economy
When the government makes all the decisions on goods, and services that is a command economy. People rely on the government for goods.
Hi, my name Claire and I'm here to see the head of the government to confront them on supplies.
Hi, do you want to buy some antique artifacts from long ago.
When people have a free system and can sell anything they want that is a Market Economy.
I'm sorry, but we're only allowed to sell specific things, the government said so.
When people are allowed to sell things but the government allows specific things to be sold, that is a mixed economy
So that is the end of our tour of different economies all over the world. But herein the US, we have a market economy.
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