Economic Structures
by: Toni Jones & Ka'Dajzha Rahman
Command Economy
Economic freedom: 1
Price stability : 3
Examples: Cuba & North Korea
Government owns the resources
The government makes economic decisions.
Mixed Economy
Economic Freedom: 4
Price efficiency: 3
Examples: Australia & Sweden
Government and Individuals own resources
The government & the people make economic decisions.
Market Economy
Economic freedom : 5
Full employment : 4
Examples: Australia & Hong Kong
Individuals own resources
The people make economic decisions