This is stupid! There is only one type of economy that works! The market economy!
AHH! Where did you come from!
Actually, there are 4 different types of capitalism and they are pretty much used all around the world.
You Need to Know
I don't need your help! I can do this by myself!
I am Kaz, you sound like you need help understanding capitalism so i am her to help!
To bad, I am helping you anyway. I think we will start with a Traditional economy.
Meet Cinder, she is in her room trying to study for business exam tomorrow and it is not going to well.
AHHHHH! WHY ARE WE IN THE MIDDLE OF THE WOODS?
While complaining, Cinders new neighbor that she has never meet before magically pops into her room and starts his long discussion about capitalism.
That's all very interesting and all but that type of economy is barley used any more. I know all about it! If your are going to teach me, then do it over something I do not know very well.
Kaz refuses to leave so that he can help Cinder understand how Capitalism works by taking her on a magical adventure.
Coasting Through Cuba
WOULD YOU STOP DOING THAT? YOU ARE GOING TO GIVE ME A HEART ATTACK!
Kaz takes Cinder back in time to hunter gather days to show how a traditional economy works. With only getting resources from the land and primarily trading things instead of buying them with money.
We're not. We are exactly where your hours was around 2,000 B.C.E. when every body used a traditional society because they all got their resources straight from the earth. There are still some day like Haiti, but very few are left.
As Cinder is unimpressed by traveling back to a traditional economy Kaz takes her to a new location.
Well if traveling through time isn't enough to impress you, then maybe traveling through space to see a Command economy!
Kaz takes Cinder to Cuba to show her how the command economy works.
Now we are in Cuba in the year 1998. Cuba is a Command economy meaning that the government is controlled by the government.