Economics Project

Economics Project
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  • Hi, my name is Rebecca and I live in a command economy. What's your name?
  • My name is Dylan and I live in a mixed market economy.
  • What is a "mixed market economy?"
  • A mixed market economy is an economy in which the government owns some property.
  • How about a "command economy?"
  • A command economy is an economy in which the gov. owns and offers all goods and services.
  • A positive about living in a command economy is that everyone is given and assigned a job by the government.
  • A positive about living in a mixed market economy is that people can pick whatever job they want.
  • A negative about living in a command economy is that people don't get to choose the job they want.
  • A negative about living in a mixed market economy is that competition leads to uneven distribution of wealth.  
  • In a command economy the 3 economic questions are answered completely by the government and the government takes care of everything.
  • In a mixed market economy the 3 economic questions are answered and based on consumer demand, producer decides the most efficient way, and those willing and able to afford it.
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