Economic System

Rantavious Harris & Zyan Cambell

Command Economy

Is an economy in which the government makes all basic decisions. The government mainly owns all the resources and controls economic decisions. The following countries are command economies, Russia, China , and Cuba.

Economic Goal Rating

Big image

Market Economy

Are based on private ownership known as capitalists and deals with supply and demand. In this market the resources are owned by individuals. The economic decisions are determined by the market known as supply and demand. The following countries are market economies,

Economic Goal Rating

Big image

Mixed Economy

Is a combination of market forces and government intervention. The resources are owned by individuals and the government. The government officials and legislatures make economic decisions for the economy. The following countries are mixed economies, United States, Canada, France, Australia, England.

Economic Goal Rating

Big image