Economic Systems
By: Jasmine Ellis & Corey Dixon
Three Basic Economies
Mixed
Rating:
- Economic Freedom: 4 1/2 stars out of 5
- Economic Security: 4 stars out of 5
- Full Employment: 3 1/2 stars out of 5
The consumer decision-making is combined with different degrees of government regulation and in intervention.
Market
Rating
- Economic Freedom- 4 1/2 stars out of 5
- Economic Security-3 stars out of 5
- Full Employment-3 stars out of 5
The consumer owns the resources and the government has limited control over economic decisions.
Command
Rating:
- Economic Freedom- 1 star out of 5
- Economic Security- 3 1/2 stars out of 5
- Full Employment- 3 1/2 stars out of 5
The government own the resources and makes the economic decisions of when, what, and how to produce.