Economic Systems

By: Quentin Jammal Thomas & Asia S. Covin

Mixed Market

Are based on various combinations of market forces and government intervention, Canada, U.S. , France, Australia, England

The government owns the resources.

The government also makes the resources.

Rate: 4.5

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Market Economy

Market economies have high level of economic freedom. The people are free to make whatever decision they want with NO government involvement.

All resources are individual in this market,

Mexico, Germany, Canada have market economy.

The individual decides what to produce and how to produces their products.

Rate: 4.5

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Command Economy

Command economy have a low level of economic freedom. Individuals can't make decisions on their own. The Government does.

China, Cuba, And North Korea have command economy.

All the resources in command economy is controlled by the government.

The government decides what to produce and how to produce it.

Rate:1

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