Questions About Remote Learning?
The Types of Economies
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Of course I will help! So...
Hey! I I need your help for a class. Please help me understand the different types of economies?
I wish I could set the prices for my own products for once! I want control!
Okay! Everybody will be selling their products for the price that we set, and we will be controlling your needed resources.
Tony is asking his friend John for help with a class.
I have no idea Jim. Maybe we should ask our team to help decide, and make a plan.
Okay, so Samantha we have the choice of our prices, and control over our resources. What should we do?
Transitioning to their imaginations...
I appreciate that Mrs. Smith. I'm thankful that you basically gave us most of our freedom with it.
The government is telling a producer that the government controls their prices, and resources.*Resources are owned and controlled by the government.*
Hey, Jenny! Do you think we should change up how we do things around here?
Jim and Samantha are trying to decide how they will set their own prices, and their resources*Resources are owned and controlled by the people of the country.*
Mrs. Smith and Hailey are discussing how the government will control a little of their resources.*Combined elements of Command and Market economies.*
Now, Hailey. We will control a little bit of your resources, but you have the freedom to price as you wish.
George and Jenny are talking about how they've done things the same way around there.*Goods and services are produced the way it has always been.*
Absolutely not, George. We have been doing things here the same way since the beginning.
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