Economic systems project

Economic systems project
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  • i'm James and iv'e always wondered what it's like living in a command economy.
  • Hello i'm destiny and this is the first time iv'e been out of my country. I live in a command economy.
  • In a market economy we somewhat have stability but we don't have security we have economic freedom.
  • well the goals a command economy focuses on is stability and security.
  • We also have some positive effects like having the freedom to start our own business, and buy, sell, and producer whatever the consumers and producers want.
  • We have positive affects living a a command economy which are we don't have to worry about  not having a job or healthcare because it's all guranteed.
  • We also have negative effects. We don't get to pick our own jobs, we work wherever the government tells us. The government owns everything so they tell people where they live and even what to produce.
  • We have negatives too. Not everybody has a job and healthcare isn't free so a lot of people don't get help when they get sick.
  • wow that's different from how a command economy decides we produce what the government says. sell it to who the government says. And produce it how the government says.
  • Well we produce what the consumers demand, we produce it in the most efficient way and we produce it for consumers willing to pay.
  • How does your economy decide what to produce, how to produce and for whom to produce it?
  • Well we produce what the consumers demand, we produce it in the most efficient way and we produce it for consumers willing to pay.
  • I didn't know mixed markets has so much freedom. 
  • wow i never knew in a command economy the government is so involved.
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