What's it like here?

Llamatopia is an island located off of the coast of Australia, we run our country with a strong representative democracy, and we have an economic system of mixed economy.

The Greatness of out economy!

Our country uses a mixed economic system, so the government has some say in what businesses do, but businesses decide what they are doing for the most part.

The main benefit of this is that the business can do what is best for it. If the government controlled a lot of the business it might make some decisions that could hinder the business development.

Companies might want to use things that they shouldn’t in order to make more money, like using child labor, but regulations set by the government can prevent this.

The power is balanced between the government and the businesses.

Big image