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We are going to travel to a few countries to show different types of economies.
First let's start in North Korea, a command economy
In this country, the economy is very limited, all resources and businesses are controlled by the government and you have very little say about your economic decisions.
Now we are in The U.S., an example of a market economy
In this economy you have a lot of freedoms, businesses and resources are owned by the people and you have the choice for your own economic decisions.
We are now in Haiti, an example of a traditional economy
In this country and economy you see less developed communities, goods are produced the way they always have been
Now we travelled to Canada, a mixed economy.
This economy combines characteristics of both market and command economies, this is a very common type of economy. The government is part of the economy but you still have a say in some things.
After visiting and reviewing all of these economies, I have decided in my opinion that the market economy is the best. I like that it gives you the freedom to choose for yourself.
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