By: Emely Flores
In socialist economy the people are in charge. They get paid depending on what they work as and how many hours they work. They can buy the stuff they need in stores and they can sell them online or they can have a garage sale.
What is a socialist economy?
Some people say that socialist economy gives too high taxes and gives a lack of motivation. But, in fact, it is the taxes and lack of motivation that let us have more money.
Socialist economies is the greatest economy you can be in because you get to speak what you want and you can create companies or new stuff and you keep your money. Also you get the money you deserve for example if your a doctor you get a lot of money for rescuing life's.