Economy

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  • Omg! can you take me back in time?
  • Sure, I can send you to different countries with different economies.
  • This is a free system controlled by supply and demand.
  • Market Economy
  • There is a market economy in the United States.
  • Ohh, that's cool!
  • Traditional Economy
  • In a traditional economy, people specialize in one good or service then trade and barter goods.
  • Command Economy
  • I love learning about economies!
  • Command Economy is when the government makes all decisions on goods and services. 
  • Oh this is similar to a command and market economy.
  • Mixed Economy
  • This is a system the uses characteristics of market and commands.
  • No problem, I hope to see you soon!
  • Thank you for teaching all about the economies.
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