I love it, and I think it gives us a great advantage to be able to make the most profit possible
How do you like your right to own private property?
Day 3: Cite Soleil, Haiti
We have a traditional economy here
So what is your economy like here in Haiti?
Next we talked about competition which is the rivalry among businesses to provide for their consumers to gain more business and therefore more money. This is beneficial because it allows businesses to lower prices to gain more customers, and as a consumer we want the best, lowest price we can get for the good/services we want/need.
Day 3 Cont.
All of our techniques have been passed down for generations
Lastly we talked about the right to own private property which is being able to own your own building or any item and being able to sell/dispose of it as you wish. This is beneficial because you are able to again choose what things you want to sell to gain more customers and what things are out of style to either get rid of or mark way down.
Day 4: Stockholm, Sweden
Here we have a mixed economy.
The next country I traveled to was Haiti. Here in Haiti they have a traditional economy which is where things are done the way they always have been.
Day 4 Cont.
How do you like the little government regulation?
They are very poor here, and don't have many resources or advances in technology, so that is why they resort back to the way things are done / made because these are the techniques even their late ancestors used.
My last country I was able to visit was Sweden. Here they have a mixed economy which is where they have a combination of both command and market economies.
What is your economy like here in Sweden?
There is some government regulations on some business things, but the citizens are able to choose their own job and are mostly able to have the freedom of business.
Honestly it is kind of nice sometimes, but that market economy you have in the U.S sounds pretty awesome.