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-Common good vs. Profit Priority- in a command economy, the government can fix any problems involving unemployed people.
-  Government has complete control, which means if you protest the government, you may lose money and lose your job. This is what happens in a lot of countries with market economies, which usually tend to end up in dictatorships.
This picture shows flags of countries that have command economies.

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- Government provides some aid  the needy- he government provides things such as medicare, medicaid, obamacare, and welfare services. This helps poorer communities have a chance to have a decent life.

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Characteristics of American command economy- 2

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Characteristics of American command economy- 2

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- The government limits certain choices- such as the government not permitting buying/selling drugs. This helps protect citizens from harmful or unethical products.

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Characteristics of American Command economy

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Characteristics of American Command economy

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-Government regulation of some business practices. These are regulations such as regulation of minimum wage, regulation of labor hours, and regulation of general safety practices.
This picture shows a person protesting for 15 dollars in minimum wage, something the government can control.

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-Lack of competition- this lack of competition makes less room for different and new products.
- No motivation for profit- since there is no motivation for profit, people don't tend to work as hard.
This picture show the traits between the market, command , and mixed economy.

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Less Inequality- since the government tends to decide how to pay workers, there tends to be less inequality. This makes sure that everyone get paid equally.
Low unemployment rates- since the government controls the economy, it gets to create more job for the poor and needy.

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Communist countries are countries with command economies. These are countries such as China, Cuba, North Korea, Vietnam, along with the former soviet union. I circled some countries with command economies.

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The government controls the economy. It determines what is produced, how its produced, and how its distributed, along with what jobs people get. It is also called communism.

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Lastly traditional economies start to evolve, once they start farming and settling down. They are more likely to have leftovers and start trading. When this happens they may start to make money, and evolve into a market economy. This picture shows people trading a fish for wheat.

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Whenever they do decide to trade, they tend to rely on bartering. For example, when a hunter had meat to trade, a farmer can trade wheat with them. Since they just trade resources, there is no need for money to be involved. This picture shows a summary of traditional economy and two people trading

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They tend to produce only what they need, usually without many leftovers for trade. They consider money to be unnecessary either way. This picture shows farmers in a traditional economy.

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In a traditional economy, people tend to be hunter gatherers, or farmers and tend to be nomads, moving from place to place. They tend to migrate with the seasons, such as if it gets too cold, they migrate south. They also tend to compete with other for food and other resources. This picture shows a painting depicting the hunter-gatherers to give a better idea of how people were in the past and how the traditional economy works today.

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The first trait is that it is usually centered around a family or tribe. They use traditions and knowledge from elders as a guide. This picture shows to inuit girls, which learn from their elders and have a traditional economy.

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They tend to operate in regions of developing countries. These are countries in Africa, in latin America, and in the Middle East.  I circled the locations on the map.

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Examples of groups that have a traditional economy

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Examples of groups that have a traditional economy

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There are currently no countries that still follow a traditional economy, but there are still many groups and regions that do so. Among these are the Amish, from Pennsylvania, and the Eskimos, from Alaska.
This photo shows a group of Eskimo kids, which  have a traditional economy.

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A traditional economy runs from habits and customs, which have been passed from generation to generation. The children tend to work with their parents in the same jobs.
This picture shows a buggy, which shows that they are living in the past and have run from customs.

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How the constitution protects market economy

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How the constitution protects market economy

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- Article 1 Section 8 establishes copyright
- Article 1 section 9 and 10 protects freedom of choice and prohibits states from taxing each other.
- The fourth amendment protects private property by forbidding unreasonable searches and seizures.

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-Imbalance in Wealth- The poor tends to remain poor due to lack of opportunities. Meanwhile the rich tends to remain rich due to having many opportunities.
- No system to care for the disadvantaged- there are no organizations to help the poor and needy.
This picture shows some more advantages and disadvantages, along with the ones I already mentioned.

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Government involvement in market economy is very little. However, the government is involved with businesses when it comes to paying taxes and regulating some economic activities. (such as selling slaves is illegal in the us)

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- Economic freedom- citizens have the right to choose what job they want and what they want to sell. (along with other things.)
- Private property- People have the right to privately own their property and business without government interference.
-  Motive- people have a motive to sell because they are driven by the desire to make money.
- etc.

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Countries that have a free market economy are the U.S, Western Europe, and Japan.
This picture shows the EU- which is a union of countries with market economies in western Europe.

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The other names are free enterprise or capitalism.

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the motive to sell is profit, which is usually money, which drives the economy, which this picture shows.

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A free market economy is controlled  by individual buyers and sellers- supply and demand influence economy.
This picture shows individuals in a market economy.