Economic Systems
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Economic systems By: Christian Hogan Garry Miles Douglas Terrell kristian beasley
Traditional Economy • Based on technology and methods. • Everyone in the traditional economy has participatory in society. • Capitalism is a type of traditional economy.
Command Economy • In a command economy the government makes all decisions about the economy. • The government tells everyone their salaries. • Communism is a type of command economy.
Market Economy • In a market economy it is based on supply and demand. • A market economy is like the economy today by included central banking and welfare. • Capitalism is a type of market economy.
The End • Garry Miles-typer • Christian Hogan-researcher • Kristian Beasley-researcher • Douglas Terrell-researcher
Traditional Economy • Based on technology and methods. • Everyone in the traditional economy has participatory in society. • Capitalism is a type of traditional economy.
Command Economy • In a command economy the government makes all decisions about the economy. • The government tells everyone their salaries. • Communism is a type of command economy.
Market Economy • In a market economy it is based on supply and demand. • A market economy is like the economy today by included central banking and welfare. • Capitalism is a type of market economy.
The End • Garry Miles-typer • Christian Hogan-researcher • Kristian Beasley-researcher • Douglas Terrell-researcher
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