Type of Economies

Type of Economies

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  • ME!
  • Okay class, who's ready for our annual school trip around the world?
  • they would have traditional since they don't want to change how things are done.
  • Since this country is not very developed, what kind of economy do you think they would have?
  • Cuba has a Command economy because everything is controlled by the government.
  • Since we ae in Cuba, what kind of economic sysstem woudl they have?
  • I'm surprised that the subway isn't packed, since we are in China. What kind of economy do they have?
  • They have a mixed economy! because both the people and the government control different parts of the economy.
  • France has a Market Economy, because the people control the resources.
  • Does anyone know how to speak French? Oh  well what kind of economy do they have?
  • That was some trip! Since you guys got to see a bunch of different economies, i still would say that mixed economy is a very good economy because you have many choices!
  • Yeah! you have the right to own private property, freedom of choice, the right o profit, and competition is also a thing.
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