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Command

Published on Nov 21, 2015

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1.

COMMAND ECONOMY

BY:JOCLYN AND OLIVIA
Photo by epSos.de
2.

WHAT IS A COMMAND ECONOMY?

  • Government has all of the control
  • The people have no say
  • Government answers economic questions
Photo by Susanne Davidson
3.

ADVANTAGES AND DISADVANTAGES

  • Everyone is given a job
  • Stability
  • No choices
  • No freedom
Photo by GovernorDayton
4.

NORTH KOREA

IS AN EXAMPLE OF A COMMAND ECONOMY
Photo by John Pavelka
5.

TRADITIONAL ECONOMY

Photo by keeva999
6.

WHAT IS A TRADITIONAL ECONOMY?

  • Things are produced how they have always been produced
  • People produce for everyone
Photo by Eric.Parker
7.

ADVANTAGES AND DISADVANTAGES

  • Everyone has a role
  • Everyone is equal
  • No real protection
  • No innovation
Photo by sniggie
8.

THE AMISH

IS AN EXAMPLE OF A TRADITONAL ECONOMY
Photo by road_less_trvled
9.

10.

WHAT IS A MARKET ECONOMY?

  • Producers and consumers decide what to produce
  • Everyone that is willing and able to consume can consume
  • How to produce it is decided by the producers with little consumer help
11.

ADVANTAGES AND DISADVANTAGES

  • Economic growth
  • Competition
  • No protection
  • No safety net
Photo by jessica.diamond
12.

COLOMBIA

IS AN EXAMPLE OF A MARKET ECONOMY
Photo by laloking97
13.

MIXED MARKET

Photo by Canon in 2D
14.

WHAT IS A MIXED MARKET?

  • The government, producers and consumers
  • All have a say in the economy
  • Shares the characteristics of two economic system
Photo by Serithian
15.

ADVANTAGES AND DISADVANTAGES

  • Provide protection to consumer
  • Regulate industries to prevent pollution or waste
Photo by Billy Wilson Photography
16.

UNITED STATES

IS AN EXAMPLE OF A MIXED MARKET
Photo by Nataraj Metz

Joclyn Hunsicker