In our country we focus on freedom-being able to buy and sell anything you want and stability- goods and services we count on are there when we want them.
In our economy , we focus on security - provide it's less fortunate members with support they need in terms of food, shelter, and health care to live decently. We also focus on equity- fairness and justice. economic equity involves the fair and just distribution of a society's wealth.
two positive things about my economy are that we are able to buy, sell or trade. We also always have clothes in stores and food to buy too.
two positive things about my economy are we never have to worry about being unemployed and another thing is we don't have to worry about paying for somewhere to live.
two negative things are that we are not guaranteed jobs and we are not guaranteed housing.
two negative things are we do not get to choose our career path and if our coworkers do not do their jobs or do not come to work on time they will not get fired because of equity.
My economy would answer the 3 economic questions like this: WTP? based on consumers demand with some gov. intervention
HTP? producer decides the most efficient way with some gov. intervention
Who to produce it for? Those willing and able to afford it with some gov. intervention
Who to produce it for? The gov. decides who to produce it for
My economy would answer the 3 economic questions like this: WTP? The gov. decides what to produce
I am so glad you could make it to my country Kal! I really think you'll like it here in our mixed market economy