Econ Project

Econ Project

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  • I live in a command economy where the government controls everything 
  • That must suck. I live in a market economy where the government isn't involved. Whats good about a command economy?
  • Well, my house is provided and my job is gauranteed
  • In a market economy we have the freedom to do what we want in the market, also our products come out better since there is competition.
  • We get a poor quality of goods since the government is providing for everyone, and also no one has an incentive to work hard because everyone is provided with a job.
  • In my country since we have so much competition it leads to an uneven distribution of wealth. You're lucky because nothing is given to us like houses or jobs. 
  • The government basically controls everything. They decide what to produce, how to produce it and who the stuff goes to
  • The government doesn't decide anything in my country. The stuff that gets provided is based on consumer demand and the producer decides how to produce. Products go to the people who can afford it.
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