Types of Economics

Types of  Economics
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  • Then we stopped at the Red Rocks Amphitheatre in Colorado. Here I noticed that it is an example of a Command Economy, which means it is controlled by the government.
  • Stop #3 - Colorado
  • After that we went and stopped at the Valley of Fire Park in Nevada. Here they are a great example of a Command Economy, which is where it is owned and controlled by the government.
  • Stop #4 - Nevada
  • Our final destination was a private beach in California. While here I realized that it is actually an example of a Market Economy because it is owned and controlled by the people. This is an example of private property, because it is a privately owned part of the beach not owned by the government.
  • Stop #5 - California
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