ok class today were going on a school trip across the globe to learn about the types of economies!
yayyyyyy field trip
Market Economy
come get your cold drinks,snacks, newspapers and more!!
class this is an example of market economy since this is a person of the country that ownes and controlles the recources.
time to go to the white house
command economy
this is a example of command economy since this man is part of the government and he is in control of our recources and he is changing the price of something that we can not control.
I am the president and I command the price of bread is raised by 20 cents
traditional economy
this right here kids is an example traditional economy since the goods and services are being produced the way they always have
mixed economy
so class as you can see on the board this is an example of mixed economy since it combines the people of the country and the government to control the recourses and goods
the end
today me and my classmates learned about the four types of economies on a field trip. Market, Command, Traditional and mixed.