https://padlet.com/he7948/MAP Labeled on this map are examples of the three major types of economies we learned about in our reading. Comment on three of these locations who controls the means of production, who pays for goods and services, and who benefits from this system? Also, for those three countries, look up online their main imports and exports and type those into you comment as well. en-us 2022-02-24 14:13:40 UTC 2022-11-04 18:30:50 UTC hello@padlet.com he7948 https://padlet.com/he7948/MAP/wish/2370474213 Free Market Economy: In the United States we have a market economy with limited government interference. Here citizens are allowed to open and run their own businesses to produce goods and services, and citizens are free to choose which goods and services to buy. ]]> 2022-11-04 17:45:04 UTC https://padlet.com/he7948/MAP/wish/2370474213 he7948 https://padlet.com/he7948/MAP/wish/2370476781 Command Economy: In North Korea the entire economy is run via the ruling hand of the central government. All goods produced and services offered are dictated by the dictatorial government.]]> 2022-11-04 17:47:09 UTC https://padlet.com/he7948/MAP/wish/2370476781 he7948 https://padlet.com/he7948/MAP/wish/2370481205 Mixed Market/Command Economy: In China, most of the big businesses are guided by the central government which makes this a command economy. But many businesses in China (especially small businesses) are privately operated, making China also a market economy. Because of this, China can be seen as a mixed economy.]]> 2022-11-04 17:50:38 UTC https://padlet.com/he7948/MAP/wish/2370481205 he7948 https://padlet.com/he7948/MAP/wish/2370484192 Market Economy: Singapore is considered to be one of the purest market economies in the world with how few government regulations there are on businesses. Here almost all goods and services are privately produced.]]> 2022-11-04 17:53:13 UTC https://padlet.com/he7948/MAP/wish/2370484192 he7948 https://padlet.com/he7948/MAP/wish/2370492823 Mixed Market Economy: Most of the business in France are privately operated and produce goods and services. But many are also run by the government to ensure that some services such as energy and public safety are provided making France a mixed market economy.]]> 2022-11-04 18:00:16 UTC https://padlet.com/he7948/MAP/wish/2370492823 he7948 https://padlet.com/he7948/MAP/wish/2370504688 Traditional Economy: Apart from the wealthy petroleum industry in Chad operated by the government, most people in Chad work in agriculture. A majority of transactions done in Chad are via the barter system making this a traditional economy.]]> 2022-11-04 18:09:36 UTC https://padlet.com/he7948/MAP/wish/2370504688 he7948 https://padlet.com/he7948/MAP/wish/2370507784 Command Economy: Cuba for decades has been a command economy with all businesses being controlled by the central government. Despite this there is a significant underground market economy, which is illegal there.]]> 2022-11-04 18:12:10 UTC https://padlet.com/he7948/MAP/wish/2370507784