The Economies of the World

By Raven Burnam and Corey Barlow

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Market Economy

Economic Goal Rating
  • Economic Freedom - unlimited amount of economic control by the people
  • Economic Equity - little to none
Example Countries
  • Hong Kong
  • Singapore
Resource Owner (s)
  • Individuals and businesses
Economic Decision Maker (s)
  • Individuals and businesses

Mixed Market Economy

Economic Goal Rating
  • Economic Freedom - there is a lot of economic freedom
  • Economic Equity - unlimited amount of economic equity
Example Countries
  • Australia
  • United Kingdom
Resource Owner (s)
  • Gov't and the people
Economic Decision Maker (s)
  • Part gov't and part the people

Command Economy

Economic Goal Rating

  • Economic Efficiency - little to none
  • Economic Freedom - none
Example Countries

  • Cuba
  • North Korea
Resource Owner (s)

  • Gov't only
Economic Decision Maker (s)

  • Gov't only