https://padlet.com/3123151/cnwjfdthkbll Jason Wang en-us 2017-03-06 19:42:03 UTC 2025-11-22 15:37:04 UTC hello@padlet.com https://padletuploads.blob.core.windows.net/prod/179348487/adc43bf581c64f44018f970b4a5937f9/money.jpg 3123151 https://padlet.com/3123151/cnwjfdthkbll/wish/158157316 In a command economy, businesses are controlled by the government.  This economy is centrally focused, in order to focus on the government alone.  Everybody is middle class, not lower nor higher.  This is to prevent poverty and homelessness, but people end up not working because they will get nowhere in life.  An example is China or North Korea.]]> 2017-03-06 19:50:39 UTC https://padlet.com/3123151/cnwjfdthkbll/wish/158157316 3123151 https://padlet.com/3123151/cnwjfdthkbll/wish/158159926 In a mixed economy, there is mostly free market, but the government also regulates business.  For instance, the government might have signs saying that employees must wash hand.  There is some unemployment because some people don't work.  An example is the USA or France.]]> 2017-03-06 19:58:44 UTC https://padlet.com/3123151/cnwjfdthkbll/wish/158159926 3123151 https://padlet.com/3123151/cnwjfdthkbll/wish/158162315 In this system of economy, there is no government control. Prices of goods and services are negotiable and there are no taxes. The downside is that there are no health regulations, and the government doesn't help you with a dispute between a business and you. An example of a free market is often found in tribes.  Singapore is an example of a free market as well.]]> 2017-03-06 20:05:14 UTC https://padlet.com/3123151/cnwjfdthkbll/wish/158162315 3123151 https://padlet.com/3123151/cnwjfdthkbll/wish/158167346 In this system, whatever your parents' jobs were, you go into this career.  This is an ancient style of economy.  This economy does not have many good characteristics.  This is bad because the world is always changing and requires new jobs to be created and decreasing amounts of old jobs that are no longer needed.  Some examples are countries in the Middle East, Asia, Africa, and South America.]]> 2017-03-06 20:21:43 UTC https://padlet.com/3123151/cnwjfdthkbll/wish/158167346 3123151 https://padlet.com/3123151/cnwjfdthkbll/wish/158790071 Cuba]]> 2017-03-08 19:29:48 UTC https://padlet.com/3123151/cnwjfdthkbll/wish/158790071 3123151 https://padlet.com/3123151/cnwjfdthkbll/wish/158790807 Iceland]]> 2017-03-08 19:31:48 UTC https://padlet.com/3123151/cnwjfdthkbll/wish/158790807 3123151 https://padlet.com/3123151/cnwjfdthkbll/wish/158793867 Singapore]]> 2017-03-08 19:40:57 UTC https://padlet.com/3123151/cnwjfdthkbll/wish/158793867 3123151 https://padlet.com/3123151/cnwjfdthkbll/wish/158794361 Arctic Tribes]]> 2017-03-08 19:42:27 UTC https://padlet.com/3123151/cnwjfdthkbll/wish/158794361