economic systems
Süžeeskeem Tekst
- Traditional
- Command
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- the Inuit in Northern Canada is an example of traditional economy because they have very cultural beliefs about the aurora borealis and have very simple but powerful rituals they perform that affect the way they provide for their day to day necessities.
- Market
- North Korea has a command economy. "The government of North Korea determines what goods should be produced, how much should be produced, and the price at which the goods are offered for sale." (Investopedia.com)
- Mixed
- Wawa
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- Canada is a very developed Market Economy. the country's economy is dominated by the service industry which employs about three quarters of Canadians. The government still plays a large role in regulating and subsidizing many industries.
- "The United States is said to have a mixed economy because privately owned businesses and government both play important roles. When economic forces are unfettered, Americans believe, supply and demand determine the prices of goods and services." (countrystudies.us)
- CVS
- Starbu
- jnj
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