Project for Economics

Project for Economics

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  • Hi my name is John I am from a mixed market economy
  • Hi my name is Bill I am from a command economy 
  • Two good things about a mixed economy is that its less government control and more freedom.
  • I agree! but I lived in command economy and here some reason why its bad because more security means bad quality and more government which means less freedom.
  • In a command economy what to produce?
  • That's determined by the government what about for the market economy 
  • In a mixed market economy the economy decides whom to produce it,how to produce it and what to produce it. In a command economy the government makes the choices.
  • 2.In a command economy how to produce it?
  • 1. What the market economy produce is based on consumer demand
  • Its determined by the governments and its employees 
  • For the command economy the government gets to buy what they want and when you got to the store that might not have of what you want.
  • Last question in a command for whom to produce it?
  • 2.Producers decides the most efficient way
  • 1. As a market economy how to produce it?
  • Starting to ask the 3 economic questions
  • Its those that's willing to be able to afford it
  • 1.Determined by the governement
  • 2. How about for a market economy for who to produce 
  • They are both asking what to produce and how to produce
  • Giving each other answer of how to produce and what to produce and giving bill the last question for whom to produce it for.
  • Giving each other the answer to for whom to produce it for.
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