Unknown Story
Updated: 12/13/2019
Unknown Story
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  • That will be $15.32
  • Hey can you help me study for my US economic system test?
  • Yeah
  • Let's study the different types of markets first.
  • That will be $6.70
  • Ok, the first type of market is a command economy, in a command economy the government basically rules everything
  • The next one is a traditional economy. A traditional economy is based on beliefs and history, they mainly trade goods
  • That will be $19.45
  • Command economy seems easy enough. Let's go over the next one.
  • A traditional economy seems easy to remember. What's the next one?
  • The next type of economy is a market economy. In a market economy the business can decide it's own prices
  • The market economy was easy. Now for the last one, which is...?
  • The last one is a mixed economy, to dumb it down it's a mix between government and the people
  • Do you need some help with those bags?
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