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Alright, now I'm confused! Where are we now?
Now we are in a Market Economy. In a Markey Economy, people make their own decisions on what resources are used and how goods and services to provide.
Its also called free enterprise and capitalism
Where are we now? This kind of reminds me of where we live, is this a Mixed Economy?
It sure is! We are in a Mixed Economy.
A Mixed Economy has both characteristics of a command and market economy. Most modern economies have this type of economic system, like the US
Wow that was such an adventure!
YEA IT WAS!!!!
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