Hello there... No, not really. It's the same as any other day in my opinion.
Good Morning! What a lovely day don't you think.
Yeah no. Here we have a command economy and it's nothing from where you are from. What economy does your country have?
It seems like you're new round here.
Umm... Actually yes, but it seems normal here from where I'm from.
What makes you say that?
We have economic equity for the government to have the ability to equally distribute the resources to the citizens. Also, we have economic security for the government to have a tighter grip on the economy and keep it more secure.
Well in a command economy, economic equity and economic security are two goals that exist.
My country has a market economy. Tell me how your economy works though.
And how are those goals involved in your community? Or how does it affect you?
Well some positive results of having this type of system is that things in society change and get done quickly. Also, everyone is guaranteed a job, housing and stuff like that.
There are also negative effects. There is attention to individual need. Also, due to economic equity, there’s no incentive to work hard because everyone would get paid the same.
Well I’m out market economy, the two goals met are economic freedom to let people be free and have low levels of Gov. interference. Also, economic growth to help economies grow and produce better goods and services.
How does it affect the people as citizens?
The negative results though, are that people can make bad choices when it comes to using their freedom. Also, that occasionally there are market failures which affect the growth of the economy.
The good things about a market economy is that anyone is free to chose whatever career they wan to specialize in. The people also have the right to affair with any country or company to eventually show growth.
So your government doesn’t interfere as much but mine does. And in my economy, the gov. and employees determine what we produce and who we produce it for. But in your economy, what’s produced is based on the consumer, how it’s produced is determined by the producer and for who it’s produced is determined by those who are willing to work and afford it.
wow, well it was nice meeting you. I have to go now,Goodbye :)