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-This photo, shows how the Amish, still travel in Buggy's, which shows how they stay true to their culture.

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Traditional Economy in the United States

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Traditional Economy in the United States

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- Throughout the world people are reliant on nature, though only a select few such as the Amish are very committed to a traditional type economy,

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-This photo, shows one of the most popular jobs passed down in a Traditional Economy in a farmer.

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-With there being few jobs available in a traditional economy, most of all of the jobs are hereditary, which means if your parent was a farmer than you would likely be one too.

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-This photo, shows the Maasai tribe, who has been proacting a traditional economy for centuries.

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-With the principle of agricultural dependency have been around for centuries, Traditional economies have been around for a very long dating back to the 17 century.

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-This picture shows t=nature, that those in a traditional economy are very dependent on.

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-With not many jobs other than working around wildlife, there aren't as many choices for a career as other economies.
-Since the economy depends so much on nature, it is not as reliable as other economies that do not..

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-This picture, demonstrates how people live on farms, and use no artificial resources, but only natural.

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- With the people in the economy only using natural resources, many of their resources are re usable, not letting anything be wasted.

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-The photo shows a clean environment that a Traditional Economy promotes, and a bad one that it does not.

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- This photo shows, the different methods in which food is gathered in a traditional economy.

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-Food is gathered from nature, and hunting. In this economy, there doesn't need to be any grocery shopping.

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Advantage/ Pros of a Traditional Economy

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Advantage/ Pros of a Traditional Economy

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-Every member in the community has to contribute, in for the economy to succeed.
-In a Market Economy, there is less pollution, therefore leading to a healthier environment.

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-A traditional economy, is based of off agriculture, history, and does not use money.

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Traditional Economy

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-This photo, helps describe the difference between a free market and command economy.

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-In a Command Economy, the government is in close to complete control, and has most of all of the power, and the people have limited freedoms. In a free market Market Economy like in the United States, the people/producers have the right choose what they sell, and the people have freedoms not given in a command economy.

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-This photo, shows the Soviet Union's symbol, across what is known today ass Russia.

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-The Soviet Union, was the first example of a command economy, the Soviet Union Union was a Socialist's state which meant that the government had all of the power.

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-This photo, shows the flags of both Cuba, and North Korea.

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Countries with a Command Economy Features

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Countries with a Command Economy Features

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-Some countries with  examples of Command economy features, are Cuba and North Korea.. In each of these examples, the government control daily freedoms such as your internet provider, and where you travel to.

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-This photo shows a sad Piggy Bank, which in a command economy has to do with the non existent increased pay, of the worker.

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-There are no increased incentives in a command economy, since the government keeps it the same.  No matter who works harder at their job, without the increased pay, there is no gain in wealth.

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-This photo, shows the 2 different types of a command economy.

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-These are the 2 types of Command Economy. Socialism, is where the government has all the power, while in Communism, the government has most of the power and the people/ producers have limited freedoms.

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- The photo demonstrates, how the puppeteer/ the government, controls the people/producers, in a command economy.

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-With the government having a major role in controlling the producer, the people/ producer have less freedom to sell their product.

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-This photo shows how, the companies/ producers, are being controlled as a puppet would by the government in a command economy.

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-This photo shows how one figure/ the government, tells everyone else/producers, what to do.

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-Though there aren't many, one advantage of a command economy, is that the government can employ a lot of people if they choose too.

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-A command economy is an economy where the government controls what and how items are sold by the producer, to the consumer.

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Command Economy

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-The United States has a market economy, and the main goal is always to make the most money possible.

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-The United States, has a market economy, that operates in a system with equal rights, put like all markets economy's, not always equal opportunity.

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-The photo shows how innovative Apple, has been over the years.

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- The companies with the most successful innovative products, will succeed. Innovation, helps others companies grow along with those successful companies.

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This photo demonstrates the producers competing to be the top one for their consumers.

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-One of the main principles of a market economy, is the competition. Though it can benefit those with a competitive advantage and wealth,  those who can have better ideas and  strategies then the wealthy, don't get the voice that they deserve.

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This photo shows, how the supply of the companies are what the consumers demand.

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- Supply and Demand, is advantageous, because it helps make sure that only the product that the consumer/ the people,  wants will be the one sold.

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This photo shows, a menu for pizza, demonstrating how the producer in thus economy chooses what new and existing items are on their menu.

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-Shows how those who are wealthy most of all the power, and those below them cannot have their voices heard, and ideas shared with the mass producers.

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Description of Limited Government Picture

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Description of Limited Government Picture

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- Demonstrates government, and the people/producer each working to grow the plant/product together.

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-Limited Government involvement, allows for the producer to be free to produce, their product in civilized way.

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-The Wealthy, have the advantage over the lower classes, because of there wealth.
- Those who are smarter, than those who are wealthier, don't have the same resources to produce, because of their situation.

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-Unlike other economies the producer's are able to choose the product that they sell.
-With Constant competition, prices go up when the items are most valuable, but on a normal day prices stay low.

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A market economy, is an economy, where goods and items, are sold by the people, and owned by the people. When those items are sold, depending on their value at the time, its price will go up or down.