Since we sell the same products then I guess we can have a fair competition don't you agree.
Yea, and we'll have the freedom to handle our products and sales as well.
For thousands of years we've been hunting and gathering prey to suit our needs. With this we have the ability to create our own trade and cause little damage to this mortal world.
As your president the government and I will control all productions and finance in every company big or small.
Market economy offers freedom to individuals and encourages competition, this economy also limits the governments involvement (Laissez faire). Goods, services, and prizes are determined by supply and demand. Although a weakness for this economy is that it can end up as a monopoly.
Everything's going well, I really appreciate you guys for helping me out a little.
This economy is based on customs and traditions, such as hunting, gathering and farming. Also people get goods and services by making their own, share, or trade. This economy helps by causing little damage to the environment, yet if there was to be a storm or disaster they're economy would drop due to their land and crops being destroyed.
The government has total control over production, prices, resources of goods and services. The government doesn't meet the needs and wants of the consumers. As well as discouraging innovation and private ownership, which means the government controls the income.
A mixed economy is a mixture of a market and a command economy, and has characteristics of capitalism and socialism. Production is determined by consumers and the government. Although a downside is that it could slowly become a monopoly or command economy where the government takes total charge.