Economies
Destanie Spencer; A'Shantia Mitchell
Command
Example: Cuba
The government owns all productive resources and makes all economic decisions.
Economic Security: There is high economic security because the government controls everything, and everyone gets the same thing.
Economic Growth: There is little economic growth.
Market
Example: Hong Kong
Individuals control all the productive resources and make all economic decisions.
Economic Security: There is little economic security.
Economic Growth: There is high economic growth.
Mixed
Example: United States
Individuals and the government both own the productive resources and make economic decisions.
Economic Security: There is a decent amount of economic security.
Economic Growth: There is a relatively high amount of economic growth.