Economic Systems

Economic Systems

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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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