Economy

Economy
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  • Command Economy
  • Command economy is when production, investment, prices, and incomes are determined by government.
  • Market Economy
  • Government has little interaction in market economy.
  • Traditional Economy
  • Customs and beliefs help shape goods and services.
  • Cuba and North Korea are examples of Command economy.
  •  Mixed Economy
  • A system of combining private and public enterprise. 
  • Companies sell their product at the highest spot that the consumer is willing to buy.
  •                                      Capital Profit
  • Profit is a financial gain.
  • Canada proves a great example of traditional economy.
  • Freedom of Choice
  • This is to pick between two available things .
  • This is between private and government owned.
  • The money left over after a  company pays their expenses.
  • To choose what ever you want out of a group of things provided.
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