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.

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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.

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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.

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