Economic Systems by jawad siddiqui https://padlet.com/hmgtjawad/d2o8rsnwck82z05q Write the benefits of (Traditional, command or market) economic systems. en-us 2021-10-02 19:45:16 UTC 2021-10-03 08:26:59 UTC hello@padlet.com https://padlet.net/icons/png/1f4b0.png Market Economy https://padlet.com/hmgtjawad/d2o8rsnwck82z05q/wish/1786903521 advantages:

Absence of Red Tape
Freedom to Innovate
Customers Drive Choices
disadvantages:  

Limited Product Ranges
Dangers of Profit Motive
Market Failures


]]> 2021-10-03 08:19:20 UTC https://padlet.com/hmgtjawad/d2o8rsnwck82z05q/wish/1786903521 traditional economy https://padlet.com/hmgtjawad/d2o8rsnwck82z05q/wish/1786904338 less environmental destruction ]]> 2021-10-03 08:20:16 UTC https://padlet.com/hmgtjawad/d2o8rsnwck82z05q/wish/1786904338 market economy: relies on entrepreneurs and innovative ideas https://padlet.com/hmgtjawad/d2o8rsnwck82z05q/wish/1786905605 2021-10-03 08:20:40 UTC https://padlet.com/hmgtjawad/d2o8rsnwck82z05q/wish/1786905605 Team Market: https://padlet.com/hmgtjawad/d2o8rsnwck82z05q/wish/1786905632 an economic system in which production and prices are determined by unrestricted competition between privately owned businesses.]]> 2021-10-03 08:20:42 UTC https://padlet.com/hmgtjawad/d2o8rsnwck82z05q/wish/1786905632 traditional economy https://padlet.com/hmgtjawad/d2o8rsnwck82z05q/wish/1786905811
contributes a sense of comfort and belonging
( Ghaya Almulla )]]> 2021-10-03 08:20:53 UTC https://padlet.com/hmgtjawad/d2o8rsnwck82z05q/wish/1786905811 market economy https://padlet.com/hmgtjawad/d2o8rsnwck82z05q/wish/1786905857 A market economy is an economy in which supply and demand drive economic decisions, such as the production of goods and services, investments, pricing, and distribution. ]]> 2021-10-03 08:20:56 UTC https://padlet.com/hmgtjawad/d2o8rsnwck82z05q/wish/1786905857 traditional economy https://padlet.com/hmgtjawad/d2o8rsnwck82z05q/wish/1786905969 they are susceptible to weather changes]]> 2021-10-03 08:21:04 UTC https://padlet.com/hmgtjawad/d2o8rsnwck82z05q/wish/1786905969 command economy https://padlet.com/hmgtjawad/d2o8rsnwck82z05q/wish/1786906247  is a type of system where the government plays the principal role in planning and regulating goods and services produced in the country.]]> 2021-10-03 08:21:22 UTC https://padlet.com/hmgtjawad/d2o8rsnwck82z05q/wish/1786906247 Team Market: https://padlet.com/hmgtjawad/d2o8rsnwck82z05q/wish/1786906323 Examples: The United States, England, and Japan.]]> 2021-10-03 08:21:27 UTC https://padlet.com/hmgtjawad/d2o8rsnwck82z05q/wish/1786906323 market economy: limited government intervention https://padlet.com/hmgtjawad/d2o8rsnwck82z05q/wish/1786906704 2021-10-03 08:21:48 UTC https://padlet.com/hmgtjawad/d2o8rsnwck82z05q/wish/1786906704 Market economy https://padlet.com/hmgtjawad/d2o8rsnwck82z05q/wish/1786906752 1. Greater economic growth.
2. Increased productivity and innovation.
3. Increased competition. ]]> 2021-10-03 08:21:51 UTC https://padlet.com/hmgtjawad/d2o8rsnwck82z05q/wish/1786906752 Traditional economy https://padlet.com/hmgtjawad/d2o8rsnwck82z05q/wish/1786906853 It tends to world within a natural environment ]]> 2021-10-03 08:21:57 UTC https://padlet.com/hmgtjawad/d2o8rsnwck82z05q/wish/1786906853 team market https://padlet.com/hmgtjawad/d2o8rsnwck82z05q/wish/1786906865 It provides a society with the right goods or services at the right time.
A market economy promotes entrepreneurship. 
It creates competition. 
It reduces the need to store products. 
Market economies tend to provide more jobs
Prices are usually kept down in a market economy

]]> 2021-10-03 08:21:58 UTC https://padlet.com/hmgtjawad/d2o8rsnwck82z05q/wish/1786906865 market economy: freedom of choice and competitions https://padlet.com/hmgtjawad/d2o8rsnwck82z05q/wish/1786907050 2021-10-03 08:22:09 UTC https://padlet.com/hmgtjawad/d2o8rsnwck82z05q/wish/1786907050 command Economy https://padlet.com/hmgtjawad/d2o8rsnwck82z05q/wish/1786907085 Command economy advantages include low levels of inequality and unemployment, and the common objective of replacing profit as the primary incentive of production. Command economy disadvantages include lack of competition and lack of efficiency.
(shaikha alshamsi)



]]> 2021-10-03 08:22:11 UTC https://padlet.com/hmgtjawad/d2o8rsnwck82z05q/wish/1786907085 market economy https://padlet.com/hmgtjawad/d2o8rsnwck82z05q/wish/1786907089 the businesses get what the people want ]]> 2021-10-03 08:22:11 UTC https://padlet.com/hmgtjawad/d2o8rsnwck82z05q/wish/1786907089 Market economy https://padlet.com/hmgtjawad/d2o8rsnwck82z05q/wish/1786907639 UAE and the US are market economies where most things are based on the costumers. ]]> 2021-10-03 08:22:51 UTC https://padlet.com/hmgtjawad/d2o8rsnwck82z05q/wish/1786907639 command economy https://padlet.com/hmgtjawad/d2o8rsnwck82z05q/wish/1786907816 Basic human needs are provided.
Low unemployment rate
Equality
Muzoon

]]> 2021-10-03 08:23:03 UTC https://padlet.com/hmgtjawad/d2o8rsnwck82z05q/wish/1786907816 Command Economy Benefits https://padlet.com/hmgtjawad/d2o8rsnwck82z05q/wish/1786907949 Basic human needs are provided
Low Unemployment 
Equality
(Leen Abhari) 

]]> 2021-10-03 08:23:11 UTC https://padlet.com/hmgtjawad/d2o8rsnwck82z05q/wish/1786907949 Command Economy https://padlet.com/hmgtjawad/d2o8rsnwck82z05q/wish/1786907960 - low levels of unemployment
- basic human needs are provided
- equality

]]> 2021-10-03 08:23:12 UTC https://padlet.com/hmgtjawad/d2o8rsnwck82z05q/wish/1786907960 Command economy https://padlet.com/hmgtjawad/d2o8rsnwck82z05q/wish/1786908044 -Basic human needs are provided -equality-low levels of unemployment -Fatima Zainal]]> 2021-10-03 08:23:17 UTC https://padlet.com/hmgtjawad/d2o8rsnwck82z05q/wish/1786908044 market economy https://padlet.com/hmgtjawad/d2o8rsnwck82z05q/wish/1786908145 It provides a society with the right goods or services at the right time.

A market economy promotes entrepreneurship. 

It creates competition. 

It reduces the need to store products. 

Market economies tend to provide more jobs
Prices are usually kept down in a market economy
]]> 2021-10-03 08:23:24 UTC https://padlet.com/hmgtjawad/d2o8rsnwck82z05q/wish/1786908145 Command economy https://padlet.com/hmgtjawad/d2o8rsnwck82z05q/wish/1786908265 Some of the command benefits :
Basic human needs are provided 
No unemployement
Equality 

]]> 2021-10-03 08:23:33 UTC https://padlet.com/hmgtjawad/d2o8rsnwck82z05q/wish/1786908265 Traditional https://padlet.com/hmgtjawad/d2o8rsnwck82z05q/wish/1786908533 it keeps things simple and easy]]> 2021-10-03 08:23:48 UTC https://padlet.com/hmgtjawad/d2o8rsnwck82z05q/wish/1786908533 Command economy https://padlet.com/hmgtjawad/d2o8rsnwck82z05q/wish/1786908539 Command economy has many benefits one is that it includes low levels of unemployment.]]> 2021-10-03 08:23:48 UTC https://padlet.com/hmgtjawad/d2o8rsnwck82z05q/wish/1786908539 traditional economy less environmental destruction and a general understanding of the way in which resources will be distributed. https://padlet.com/hmgtjawad/d2o8rsnwck82z05q/wish/1786908580 2021-10-03 08:23:51 UTC https://padlet.com/hmgtjawad/d2o8rsnwck82z05q/wish/1786908580 Traditional https://padlet.com/hmgtjawad/d2o8rsnwck82z05q/wish/1786908826 it preserves traditions]]> 2021-10-03 08:24:08 UTC https://padlet.com/hmgtjawad/d2o8rsnwck82z05q/wish/1786908826 traditional economy https://padlet.com/hmgtjawad/d2o8rsnwck82z05q/wish/1786909672 It is an economy that keeps things simple, and its a family based business
 
(Ghaya Almulla)]]> 2021-10-03 08:25:02 UTC https://padlet.com/hmgtjawad/d2o8rsnwck82z05q/wish/1786909672