Economic Systems by Rockside25 https://padlet.com/rockside250/mjbx1gacf38ogscr By: Isabella de la Cruz en-us 2021-05-28 14:49:19 UTC 2025-04-10 16:52:02 UTC hello@padlet.com Market Economy rockside250 https://padlet.com/rockside250/mjbx1gacf38ogscr/wish/1568705234 2021-05-28 14:51:57 UTC https://padlet.com/rockside250/mjbx1gacf38ogscr/wish/1568705234 Economic Systems rockside250 https://padlet.com/rockside250/mjbx1gacf38ogscr/wish/1574566771 2021-05-31 23:16:49 UTC https://padlet.com/rockside250/mjbx1gacf38ogscr/wish/1574566771 Traditional Economy rockside250 https://padlet.com/rockside250/mjbx1gacf38ogscr/wish/1574568650 2021-05-31 23:17:55 UTC https://padlet.com/rockside250/mjbx1gacf38ogscr/wish/1574568650 Command Economy rockside250 https://padlet.com/rockside250/mjbx1gacf38ogscr/wish/1574569652 2021-05-31 23:18:45 UTC https://padlet.com/rockside250/mjbx1gacf38ogscr/wish/1574569652 A Traditional Economy is an economy that doesn't focus on making profits, instead they just produce what they need. rockside250 https://padlet.com/rockside250/mjbx1gacf38ogscr/wish/1574576514 2021-05-31 23:25:06 UTC https://padlet.com/rockside250/mjbx1gacf38ogscr/wish/1574576514 In a Traditional Economy the goal is to have enough for their necessities. rockside250 https://padlet.com/rockside250/mjbx1gacf38ogscr/wish/1574583742 2021-05-31 23:30:56 UTC https://padlet.com/rockside250/mjbx1gacf38ogscr/wish/1574583742 Market Economy works on the basis of supply and demand. rockside250 https://padlet.com/rockside250/mjbx1gacf38ogscr/wish/1574590645 2021-05-31 23:35:59 UTC https://padlet.com/rockside250/mjbx1gacf38ogscr/wish/1574590645 In market economy people will fill certain demands in return of compensation. rockside250 https://padlet.com/rockside250/mjbx1gacf38ogscr/wish/1574593145 2021-05-31 23:37:58 UTC https://padlet.com/rockside250/mjbx1gacf38ogscr/wish/1574593145 In Market Economy businesses compete against each other to try and gain the most customers for their product. rockside250 https://padlet.com/rockside250/mjbx1gacf38ogscr/wish/1574596252 2021-05-31 23:40:29 UTC https://padlet.com/rockside250/mjbx1gacf38ogscr/wish/1574596252 In a Market Economy, companies goals are to create a demand in a product so that consumers will spend more on it. rockside250 https://padlet.com/rockside250/mjbx1gacf38ogscr/wish/1574599599 2021-05-31 23:43:13 UTC https://padlet.com/rockside250/mjbx1gacf38ogscr/wish/1574599599 Characteristics of a Market Economy. rockside250 https://padlet.com/rockside250/mjbx1gacf38ogscr/wish/1574608065 2021-05-31 23:48:30 UTC https://padlet.com/rockside250/mjbx1gacf38ogscr/wish/1574608065 Representations of the different parts of Market Economy. rockside250 https://padlet.com/rockside250/mjbx1gacf38ogscr/wish/1574613419 2021-05-31 23:52:08 UTC https://padlet.com/rockside250/mjbx1gacf38ogscr/wish/1574613419 In a Market economy businesses have to find a way to provide their products to the consumer at the lowest price compared to other businesses while making profit. rockside250 https://padlet.com/rockside250/mjbx1gacf38ogscr/wish/1574617758 2021-05-31 23:55:17 UTC https://padlet.com/rockside250/mjbx1gacf38ogscr/wish/1574617758 In a Market Economy, companies try to find the simplest and most profitable way of making their product. rockside250 https://padlet.com/rockside250/mjbx1gacf38ogscr/wish/1574623712 2021-05-31 23:59:00 UTC https://padlet.com/rockside250/mjbx1gacf38ogscr/wish/1574623712 In a command Economy, the government controls what is produced. rockside250 https://padlet.com/rockside250/mjbx1gacf38ogscr/wish/1574627041 2021-06-01 00:01:24 UTC https://padlet.com/rockside250/mjbx1gacf38ogscr/wish/1574627041 In this type of economy there is less prejudice. rockside250 https://padlet.com/rockside250/mjbx1gacf38ogscr/wish/1574632333 2021-06-01 00:04:50 UTC https://padlet.com/rockside250/mjbx1gacf38ogscr/wish/1574632333 There is a lower unemployment rate. rockside250 https://padlet.com/rockside250/mjbx1gacf38ogscr/wish/1574643943 2021-06-01 00:11:41 UTC https://padlet.com/rockside250/mjbx1gacf38ogscr/wish/1574643943 In a Command Economy the government says what they need to be made and they have employees make it for them. rockside250 https://padlet.com/rockside250/mjbx1gacf38ogscr/wish/1574647002 2021-06-01 00:13:25 UTC https://padlet.com/rockside250/mjbx1gacf38ogscr/wish/1574647002 5 characteristics of a Command Economy. rockside250 https://padlet.com/rockside250/mjbx1gacf38ogscr/wish/1574659123 2021-06-01 00:19:30 UTC https://padlet.com/rockside250/mjbx1gacf38ogscr/wish/1574659123 Command Economy. rockside250 https://padlet.com/rockside250/mjbx1gacf38ogscr/wish/1574665634 2021-06-01 00:22:53 UTC https://padlet.com/rockside250/mjbx1gacf38ogscr/wish/1574665634 The government pays almost everyone the same amount. rockside250 https://padlet.com/rockside250/mjbx1gacf38ogscr/wish/1574672357 2021-06-01 00:27:17 UTC https://padlet.com/rockside250/mjbx1gacf38ogscr/wish/1574672357 Command Economies create a higher Employment rate. rockside250 https://padlet.com/rockside250/mjbx1gacf38ogscr/wish/1574675444 2021-06-01 00:29:29 UTC https://padlet.com/rockside250/mjbx1gacf38ogscr/wish/1574675444 In a Traditional Economy almost every member of the community has an important role to provide. rockside250 https://padlet.com/rockside250/mjbx1gacf38ogscr/wish/1574679679 2021-06-01 00:32:23 UTC https://padlet.com/rockside250/mjbx1gacf38ogscr/wish/1574679679 In a Traditional Economy they tend to have less pollution which is better for the environment and our planet. rockside250 https://padlet.com/rockside250/mjbx1gacf38ogscr/wish/1574682941 2021-06-01 00:34:25 UTC https://padlet.com/rockside250/mjbx1gacf38ogscr/wish/1574682941 A Traditional Economy takes a lot of work and sacrifice to be able produce what they need to live. rockside250 https://padlet.com/rockside250/mjbx1gacf38ogscr/wish/1574687415 2021-06-01 00:36:35 UTC https://padlet.com/rockside250/mjbx1gacf38ogscr/wish/1574687415 In a Traditional Economy there are few careers to choose from. rockside250 https://padlet.com/rockside250/mjbx1gacf38ogscr/wish/1574694798 2021-06-01 00:39:38 UTC https://padlet.com/rockside250/mjbx1gacf38ogscr/wish/1574694798 5 Traits of a Traditional Economy. rockside250 https://padlet.com/rockside250/mjbx1gacf38ogscr/wish/1574699725 2021-06-01 00:41:33 UTC https://padlet.com/rockside250/mjbx1gacf38ogscr/wish/1574699725 Example of what part of a Traditional Economy looks like. rockside250 https://padlet.com/rockside250/mjbx1gacf38ogscr/wish/1574702603 2021-06-01 00:42:46 UTC https://padlet.com/rockside250/mjbx1gacf38ogscr/wish/1574702603