Now what were the things my father told me,that I have to teacher him now?
There is so much of the same things just in different packaging
Why are we all dressed similar??
Individual trades, Keeping customs and traditions(from generations), Good for the environment, Society usually(most likely) doesn't stand still, process for natural resources takes a longer time.
Easily accessible to consumers, based on supply and demand, government does not interfere with production,Private ownership,This usually leads to monopolies, corruption and competition between business
Government controls the production, prices, resources or goods and services. NO private businesses,and does not meet needs and wanted of consumers.
A combination of command and market economy, some government influence but mostly private/ personal decisions made(how/who/whom), usually ends up to poverty and Risk of losing business and other things.