Economics

Economics
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  • Traditional Economy 
  • Oh no! How am I ever going to make money by a traditional economy if the weather is cold?
  • Mommy, are we going to be broke for the winter? 
  • Command Economy
  • You're not allowed to sell teddy bears in this area. 
  • The last thing we need is for kids to be too happy. 
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  • A traditional economy is based on old customs and traditions on hunting, gathering, and farming. In a traditional economy people sometimes BARTER, trade without the use of money. 
  • In a command economy the government controls the productions, prices, resources of goods and services. They do not meet the consumers needs and wants. Besides innovations and private ownership, the government 
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