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.

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Mixed Economy

Economic Freedom: 4

Price efficiency: 3

Examples: Australia & Sweden

Government and Individuals own resources

The government & the people make economic decisions.

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Market Economy

Economic freedom : 5

Full employment : 4

Examples: Australia & Hong Kong

Individuals own resources

The people make economic decisions

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