Luigi is going on a trip to learn about the different economies around the world. First stop is The United Kingdom.
Luigi visits the Department of Economics in London to study their economy. He learned that their economy is mixed. Mixed economy is an economic system is an economic system combining public and private enterprise.
Flying to North Korea
Luigi is taking a trip to Africa to look at their different economy.
Luigi visits Cameroon to look at how their economy is set up. He learns that their economy is traditional. In a traditional economy the goods and services are produced the way they always have.
Luigi takes a trip to North Korea to view their command economy.
Luigi went to Kuwait to view North Korea and it'c economy. North Korea has a command economy. Command economy is when the government controls production and prices and other things.