Dude, I really need some new cloths. Mine have holes in them.
Yea, I agree
Man!!! Our economy sucks
Yea I agree. Why can't we have a mixed or market economy? Instead we have a command economy
Death in the robe here wants a the new Iphone but he has a perfectly good phone right now and that would be more of a want then a need.
I'm so glad that we changed to a mixed economy.
Same dude, I think it gives a good balance to the country.
Cloths is a need instead of a want because cloths keep you warm.
Yo, this new video game is really hot right now. We should get it
Yea me too, but I heard they were out of stock.
So they have a command economy, which means that the government makes all the decisions for the country and the people have no say.
Did you here about that business at their peak?
Yea I did, but eventually they are going to have a recession.
A mixed economy allows the people to make some decisions but the government still makes the important decisions. As for a market economy, that means that the people make most of the decisions and the government doesn't do anything
The company didn't think their game would blow up as much as it did. They had such a high demand for the game, but they didn't have the supply to give to the customers.
Every business has a peak but not every business can stay at their peak. Eventually they will have a recession and if they are unlucky they will have a depression, which means they have a high possibility of going out of business.