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- Types of Economies!
- I am on my way to learn about the different economies!
- Traditional Economy
- We hunt and gather for our food because that is the way it has always been.
- Command Economy
- I'm not able to start my own business because the government controls all resources.
- Meet Julia, she is taking a trip around the world to explore and compare the way different economies run!
- Market Economy
- Welcome to my family owned ice cream shop! I own and regulate all of my resources!
- Julia arrives in Ethiopia, and she is stunned to see a very undeveloped country. The country is run how it has always been, through culture and rituals.
- Mixed Economy
- Welcome to my Amusement Park! I own the park itself, but the government partially owns it by law!
- Julia has just arrived in North Korea and is frightened with the lack of choice the citizens are able to make for themselves. All resources are controlled by the government.
- Back Home!
- It is so cool seeing how every country runs their economy's differently!
- Julia has arrived in England and is met by Todd, who owns his own business. In a full market economy, ALL resources are controlled by the people of the country and the people only.
- Julia has arrived in the United States, and has found herself in a mixed economy, which is what most countries are. Resources are owned by the government and the people.
- Julia has just visited the 4 different economies, visiting Ethiopia, North Korea, England, and the United States.
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