like hunting gathering, they farm and produce for themselves
Mich traditional economic is when people make their own share and trade
what about market economic?
wow never knew people still do that
people are more in control of the economic like have more freedom.
I know right. people wouldn't think that something like that still happen
well market economic is like our economic more like capitalism
well jared command is like the opposite of market, in command the gov't control most of the economic
hey mich before you leave can you tell me anything about command economic
i know right . well for mixed economic will be the mixture of command and market and you know
thanks jared me too bye
wow that's really cruel. do you know anything about mixed economic?
i've learn today that traditional economic is basically farming, people farm to provide for themselves , you can most likely see this from small towns
Another one that jared though me was market this economic is like what we have in the us people have laissez faire which is the french word for hand off this mean the gov't isn't allow to control the economic
i've learn about command which is the opposite of market it's the gov't controlling it one country for this will be north korea because it a commnism country so they have command economic
the other one that mich though me today was the mixed one which is basically command and market togother , the production is determine by the people and the gov't