Types of Economies
Kuvakäsikirjoitus Teksti
- Types of Economies
- Types of Economies-Kiley Boyle
- Command Economy
- I rule evryone in the jungle! Everyone has to follow my rules and listen to me!
- Tonight, I am going to eat all the zebras, and no one has a say in it!
- Market Economy
- Were starting our own business.
- We are also starting a business.
- Were also starting our own business!
- The four types of economy are command, market, mixed, and traditional. There explained usuing different animals and how they live in a zoo.
- Mixed Economy
- This is the home we've built, if you want to help out in our hive you can, but if you don't, then you are not required to. You could even start your own hive.
- Command economy is when the government has control over all the resources. The government has a say in all properties and you can't have your own private businesses or private property. This is used in countries like North Korea.
- Traditional Economy
- Time to go hunting, same way as always.
- Market economy is when resources are owned and controlled by the people of the country. Anyone can start their own business without having to go through any sort of government policies or anything. America can be put under this category of economy.
- End
- Mixed economy is when there are combined elements of market and command economy. There is usually a main person of power, but they don't control everything that you do and you can have your own private busninesses. America can also be this economy.
- We should start our own hive.
- Ok. Let's go!
- Ok!
- Traditional Economy is when goods and services are produced the way it has always been. Usually this economy is used in less developed countries and it has been the same for years because they don't have the technology or money to change the process.
- What if we did something else today instead?
- No, we have to do it the same as always.
- Then everyone in the zoo went on with their lives in the way their economies worked and they could all get along even when theyre economies were different.
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