economy

economy
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  • Mixed Economy
  • Let me see how much the Co-Pay for this appointment is first
  • Daddy can we go to carters and get new T-shirts after this?
  • Traditional Economy
  • my mother sent me to the market to trade this loaf of bread for 6 eggs
  • EGGS
  • Command Economy 
  • A mixed economy means some parts of the economy is run by the government and the rest is left to the people. Most businesses are run by the people then things like health care and education are left to the government.  Examples: France, U.S., United Kingdom
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  • In a Traditional Economy relies on beliefs and traditions, most trades are between individuals not businesses. The advantage is it keeps the environment healthy a disadvantage is that the process to acquire the items is long, and the economy itself isn't open to influences or change. Examples: Africa, Asia, Latin America and the Middle East
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  • In Command Economy the government decides what to produce, how much to produce 
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