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Hello I'm the economy fairy I'm going on a journey to discover all the different economies around the world. want to come?
Ugh free market economies are terrible all the big buissnesses control all the resources I wonder what other economies are like.
Sure, work is boring anyway.
This is a subsistance or traditional economy people produce enough to survive and trade with others for other goods.
Today we allocate more resources to weapons and less to producing food for my people
This is a command economy resouces are alocated by the government, they often do not have their peoples best intrest at heart.
This is a free market economy you live her so why dont you tell us about this on.
In this economy consumers and firms control the economy with no goverment intervention.
This is a mixed economy consumers and firms do still run the economy but acording to goverment guidelines
This one sounds good.
Thank you for showing all these economies
Well your back home now.
Bye economy fairy
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