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The government decides your income and the type of job you do and this right may be withdrawn at any moment.

Fidel Castro was a president who abused his power and gave little to no freedom to Cuban citizens.

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Cuba, Venezuela, Belarus and North Korea all have command economies.

The picture shows Cuba- a country in the Carribean  with command economies.

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People get limited money and job opportunities. As a result, they may begin doing illegal activities to find new sources of income.

The picture shows a man delivering drugs which is an example of an illegal activity people will do to get money.

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There can be a shortage the gov. produces little of something that is in demand or if the government created an excess of something that is not necessary.

The picture shows an example of wastage.

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Production in command economies is inefficient because the government doesn't feel pressured from competitors/ consumers to cut costs

The picture shows what inefficiency is like.

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Command economy gov. can set wages and job openings to make the unemployment rate  and wage distribution that it sees appropriate.

The picture shows the levels of unemployment/wages in the US.

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The government does not look to make a profit, so, everything is usually affordable.

The picture shows something that would usually be next to an item/product with a low price.

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They do so because income inequality can breed resentment.

The picture shows what income inequality looks like.

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This is why traditional economies limit population growth.

The picture is a cool way to show population rising.

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Vulnerable to other economies that consume their natural resources

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Vulnerable to other economies that consume their natural resources

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They usually use up the natural resources traditional economies depending on the wage war.
The picture shows examples of natural resources.

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Traditional economies can have elements of communism, socialism, and capitalism

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Traditional economies can have elements of communism, socialism, and capitalism

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The picture compares the three economic systems.

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Cash enables those in the traditional economy to buy better equipment.

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Cash enables those in the traditional economy to buy better equipment.

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This happens when  traditional economies interact with command or market economies.

The picture shows traditional and another economy interacting which causes the traditional economy to get cash for more profitable arming, hunting, and/or fishing.

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Eventually develop to create currency for trade

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Eventually develop to create currency for trade

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Traditional economies usually evolve once they start farming and settle down.

The picture shows currency which is what traditional economies develop for.

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Traditional economies barely have leftovers which makes it unnecessary to create money

The picture represents how traditional economies do not have remaining products

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Operate in emerging markets and developing countries

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Operate in emerging markets and developing countries

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The picture shows where traditional economies are usually located

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It relies on a barter and trading system

The picture shows different situations which serve as examples of bartering and trading.

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Makes sure that the most wanted or popular goods and services are produced

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Makes sure that the most wanted or popular goods and services are produced

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The picture shows a most wanted sign which is something you would see next to an item/product that is very popular.

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The U.S. Constitution has provisions that ease and protect the six characteristics of market economy.

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The U.S. Constitution has provisions that ease and protect the six characteristics of market economy.

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The picture is the top of the US Constitution.

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There’s usually a reduced social safety net including certain programs because they are supported through taxation.

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There’s usually a reduced social safety net including certain programs because they are supported through taxation.

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The picture explains how the process works.

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Has no system to care for those who are at an inherent competitive disadvantage

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Has no system to care for those who are at an inherent competitive disadvantage

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The picture shows some elderly people which are people whom the system has no care for.

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Determined by consumer's preferences

In the picture you can see a person trying to decide which product they want.

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Functions under the laws of supply and demand

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Functions under the laws of supply and demand

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They state that the quantity of a good supplied rises as the market price rises, and falls as the price falls.

The picture shows how the Law of Demand works.

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The picture shows different product prices which is something market economy can control.

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The picture shows a little bag of money which can be a little symbol to show profit earning.

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an economy where a centralized government controls the means of production

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An economy that is based on beliefs and history.

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a system where the laws of supply lead the production of goods and services