I decide go to another country to advance my knowledge in what I already knows about economies. I already knows about the command economy because where I live which is named "United Blue". I have no freedom of choice and I want to experience what it is like outside of that.
I finally arrive in Kingdom You which I went to because it was a market economy. Market economy is the first economy I wanted to view. I LOVE IT HERE, the government has no say so in what I plan on doing I can do whatever and will never be stopped. I think I want to live here.
I continue to stay in this country for about five days and when my time is up I decided to move on to another country, I like the market economy but not having the government there to help control things I feel like it could be very hard at times.
I now have just got off the plane an arrived to Jewel Boo which is my next country. I start to work in a food truck and I learn that there are many food trucks competing on who can make the most profit at the end of the day. We obviously want to compete and put a lot of effort in so we can make the most money at the end of the day.
Soon later I had come to find out that the country Jewel Boo is a mixed economy, I may get paid but a certain amount of my money gets taken out of my pay check and I have to pay taxes so that the community I am in can develop into something nicer and better.
Private property has to do some what with traditional economy because properties and traditions get passed down in this economy and nothing really changes, they move at a slow pace and don't try to rush things. If your family has private property it most likely will get passed down from generation to generation just due to how the economy works.