The Adventures of Command Economy
By; Kristen Farrell; 2nd Block; 5/5/15
Highlight it;
In a Command Economy, The government runs everything. They tell you what to buy and when to buy it. The roles of the citizens/people in this economy is obeying what the government tells you to do. Also,as citizens they need to pay taxes and have welfare. The freedoms of the people in this economy is having full employment with all available resources, and having welfare for all people. Producers and Consumers interact in the same ways because in order to buy something you need the producers to buy them. They mainly interact through supply and demand.
Countries that have a Command Economy:
- North Korea
- China
- Cuba
Description of Command Economy
Explains how Command Economy works and is presented. It's basically more information then what I described at the beginning.
More Description of this Economy
Explains how the supply of goods and the prices are regulated.
Highlighted Map of countries that have this Economy
The countries that are highlighted are Cube, China, and Russia, North Korea, and some countries in Africa.
Command Economy Locations
This economy is located in many different countries in the middle east.
Email: Commandeconomy@yahoo.com
Location: Cuba, North Korea, China
Phone: 231-123-6547
Twitter: @commandeconomy
Other Resources;
~Mr. Michealson's Notes
~ Civics Today Book
DEFENDING IT!
Command Economy is the best over all the other economies because they are able to have full employment with available resources and welfare for all people. The other economies are too free. They don't have enough ruled parts of their economy. My economy should rule the world because they are a controlled government and everything is planned. We share resources and other things. We have welfare and employment with all available resources