Economiic System


Socialism is half way between command and free Enterprise. Its the best of both worlds !!!! In a socialism economy you get free health care, like who wouldn't want free health care. Everyone and no one is treated better than another.

How does this Command Economy works ?

A command economy is a system that determines what goods are produced and the price at which the goods will be offered for sale. Everything is ran by the government, so there is no risk of a person taking over and messing things up. All the people in a command economy are paid the same. No one earns more money than each other. They just try to meet the basic needs of the people


Some people say having a command economy is bad because it is controlled by the government, is hard to organize and shows no individuality. However in a command economy everyone has stable salaries that provide basic needs. It also promotes social goals which makes the country look better.
Economics: Capitalism, Socialism & Communism Explained