The people want better Tech with their iphones I will provide it
I AM THE WOLF OF WALL STREET
I will give the people want they want based on supply and demand and I will make it easily accessible.
I need to make an aqueduct
Market Economy is basically where the Monopolies thrive. One advantage is that this system is easily accessible to consumers. One disadvantage is other businesses have no fair chance to compete with other big monopolies. One example of a market economy can be China.
The nike store will be placed here only ONE store for clothing and shoes. The universal center will be back there and I don't know about the farm right now.
Where will the farm go?!
Traditional economy is basically Farming anything and everything that isn't involved with big buildings and fancy technology. Like how Japan was before they were forced to open their ports with the U.S. One advantage of this economic system is that it doesn't mess with nature in a negative way. A huge disadvantage is that the process for growth will take a long time because people are still hunting an gathering. They will not be use to using tools and other fancier equipment.
I would like to announce that we will be opening a center for everyone to work in.
Parts of China, India, Africa have a traditional economy
A mix economy is a basic combination of mostly all the economic systems. One advantage is that there is a combination of a command and market economy. Though it may seem fair it may be very unequal and that is a huge disadvantage. One country that has a mixed economy in some aspects is America.
A command economy is the economic system where everyone is equal, and the government decides everything. What is being produced for who and how it will be made. The advantage is the government is worried about the people, but that means people who put in no work in this type if setting still get the same benefits and also no room for personal growth.
Everyone will receive the same benefits no matter what