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Society reflects too much on what you do. If you are homeless and without a job, you wont get help, you will most likely starve while other people are in a mansion living life at its best. It can be a little unfair sometimes.

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All the goods are made in the best way possible... if a company is more productive than any other one they get a better reward. They get what they deserve. So if you want a good reward, you have to work harder.

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The way that the Market Economy adapts to change is that the citizens decide what to produce and how to produce it

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What the government in a Market economy does is that they look out to see that markets are open and working all the time. Also it checks that everyone has equal access to the market. It look to see that no one is changes the market.

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It helps innovation. Many businesses will make new inventions are make something better, which will make competition more heated up. It will make the competitors want to make something better than what you made or just their other competitors.

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Since competition is very important for Market economies. Normally, kids and the elderly cant do much when it comes to businesses. It has no system o help the kids or the elderly to also have a successful business.

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A few examples of countries that use a Market Economy are... United States, Singapore, Canada, Hong Kong.., and many many more.

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The definition of Market Economy is an economy that the government lets the citizens and the businesses make the decisions for the goods and the government doesn't do as much as in the Command Economy.

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Since everything is very limited and the government controls the money, there will be lots of crimes since people want more than what they have... unlike the Traditional economy they want more than what they have,.

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When the environment changes it all up to the government. They sell or trade stuff with sellers.

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Another advantage in a command economy is that normally there is very high employment. There is normally close to zero unemployment which obviously is a very good thing for the economy.

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Even if you work harder than what you should you will not get more money, everyone ears around the same amount of money. Also there is no competition so after a bit businesses might have zero to no value.

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In a Command Economy you don't have much freedom. The government choses what job you have. It also doesn't let you do many things, like in North Kore they don't let you go from city to city, even if its inside of the country.

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The government can produce goods fast and give them to people in need like poor/homeless people. It can also produce lots of goods in emergencies like if a hurricane or some other natural disaster occurred.

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There are a few countries that use the Command Economy. Some are Cuba, Iran, China, North Korea, Libya, Russia, and a few more.

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Command Economy is an economy in which the government decides everything about the goods. Like, they decide which type of goods should be produced or if the rice that each good should be sold for.

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Traditional Economies aren't very destructive to the environment as normal way more developed economies. They don't use many if not no technology at all so they barely affect the environment... if they do its normally in a good way,

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Weather can really affect the life of the people. If a hurricane comes, they might starve for a few days, since hunting will be low, and most crops will probably be blown away/ die. Or even a normal thunderstorm can do this,

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Everyone knows what they are going to get. Depending on how much someone works they will get what they deserve. This way there aren't many argues or a bad connection between the people.

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Traditional Economies start evolving once they start with farming and/or and settle down. They can maybe make crops in which they can sell and have some money for the things that they need.

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Most Traditional Economies only get what they need. So like that they never have to trade or try to make some money. There is barely ever any left over stuff

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Normally its either a tribe or family that use this economy. They use traditions that have been past down from elder/family members from the past. Then use this traditions in everyday.

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Countries with a Traditional Economy are normally found in developing countries. In places like Asia, Middle East, Africa, and Latin America.

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Traditional economy is a systems that depends on ideas that they have believed of/tradition. They have certain beliefs which is the only thing that they believe in.