Economic Systems

Economic Systems

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  • I Know about mixed & market economy but whats a command economy ?
  • The government focus on economic stability and equity.
  • Command economy is controlled strictly by the government .
  • Oh, So the government provides eveyones basic needs such as a job or health care.
  • And they make sure that eveyone is treated equally 
  • Yes, but the government provides the jobs that they need and not one for what the person wants.
  • Also, you are paid the same amount no matter how hard or how little you work.
  • Im just glad we live in a market economy 
  • Korea answers the  economic questions by only making enough for their people.
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