Rosie got on the subway after getting of the plane in New York!
I can't believe I am in New York! This city is beautiful and I love that people of this country can control where they work, what they do, how they do things, and what they wear!
Yeah like today I saw people competing to earn profits!
Yes you all are very lucky to have so much freedom here.
Next, Rosie goes to North Korea
I cant believe the government controls all of your economic decisions! You guys don't have any business competition!
I know. But thats just always the way it has been. My store is down and the government won't let me lower the prices!
Next Rosie goes to Ethiopia
I cant believe all of your economic activities are centered towards a tribe, family or ethnic group! You guys don't have a lot of technology right?
Yes! Our choices are basically determined by the enviornment.
So, in this economy the government guides and regulates production of goods and services! Also, recourses are owned by induvial.
Rosie goes to Canada
MARKET ECONOMY
The government also makes sure my store and my other store are equal so they are making the sale profits!!
Rosie goes home
COMMAND ECONOMY
It was so fun I had a great time and learned about the 4 economic systems, Canada is Mixed, Ethiopia is traditional, The US is market and North Korea is command!
How was traveling?
TRAITIONAL ECONOMY
MIXED ECONOMY
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