Hi my name is George and I'm going to take you on a journey to see all four types of economies
Introduction
Mixed Economy
I'm here in New York city. This city is an example of Mixed Economy because of the many options you can make here. I could have McDonalds or Chinese food. The government also can make descision in this cityThe flying taxi is ready for us. Away we go.
Traditional Economy
This is FarmVille It is a place where all the products are made like they always were. For example, they weave baskets by hand. The Hovercar is ready for our next destination. Away we go.
Command Economy
We are in The Dreary DeadLands. They are ruled by the ruthless king Neverfun. The people only have a few options because the government controls the economy. Lets now drive to the next location.
Market Economy
We are now in a town called Arkville. The people make most of the descisions here. Every individual has control to all the resources. Its time to head back to my backyard to wrap things up.
Conclusion
Thank you for coming with me on our journey. I hoped you learned the four types of economies. Goodbye!