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  • the school is taking a field trip to visit a business that has to deal with command, market ,traditional, and mixed economy's. 
  • thats why we are going on a field trip to learn about it
  • what is a command economy?
  • command economy- resources are owned and controlled by the government market economy-  resources are owned and controlled by the people of the country  traditional economy -goods and services are produced the way it has always been mixed economy  - combined elements of command and market economies 
  • any questions about economy?
  • so, are examples of a market economy countries like France and The US?
  • are examples of a command economy countries like North Korea and Cuba? 
  • yes and yes! good job! also examples for traditional economy is Haiti, and Ethiopia. and mixed economy is China and Russia   
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