Economic Systems (section800) by Patricia Turco https://padlet.com/turcop/nryq9xkjkppjm5h2 Add a post to any one of the topic columns. en-us 2020-08-27 19:42:11 UTC 2024-06-03 07:20:00 UTC hello@padlet.com 1. Who consumes the goods and services produced? 2. What goods and services are produced and how much is produced? 3. How are goods and services produced? 4. When are goods and services produced? 5.Where are the goods produced? https://padlet.com/turcop/nryq9xkjkppjm5h2/wish/723686685 2020-09-06 22:32:29 UTC https://padlet.com/turcop/nryq9xkjkppjm5h2/wish/723686685 I believe that the Laissez-faire works best for economic growth because it helps create a better opportunity for individuals to create wealth, rather then be controlled by the government with the command system. The less the government is involved the better the economy. https://padlet.com/turcop/nryq9xkjkppjm5h2/wish/723691968

]]> 2020-09-06 22:39:55 UTC https://padlet.com/turcop/nryq9xkjkppjm5h2/wish/723691968 The command system answers the questions by the government leaders. https://padlet.com/turcop/nryq9xkjkppjm5h2/wish/723696867 2020-09-06 22:47:06 UTC https://padlet.com/turcop/nryq9xkjkppjm5h2/wish/723696867 A command system is mainly organized by the government which owns most of the businesses while a laissez-faire has less government control. The similarity between these two is that they both have a type of social order within them. https://padlet.com/turcop/nryq9xkjkppjm5h2/wish/723843251 2020-09-07 01:07:37 UTC https://padlet.com/turcop/nryq9xkjkppjm5h2/wish/723843251 I honestly think laissez-faire capitalism because it is the most effective way to try to meet societies needs. It also gives a bit of freedom for the people to feel like they can make their own choices and grow. https://padlet.com/turcop/nryq9xkjkppjm5h2/wish/723855107 2020-09-07 01:15:22 UTC https://padlet.com/turcop/nryq9xkjkppjm5h2/wish/723855107 China has a socialist market economy. One of the main characteristics of this economy is that the goods and services are produced based on usage. Most of their planning and production is also coordinated by the government. https://padlet.com/turcop/nryq9xkjkppjm5h2/wish/723861306 2020-09-07 01:19:10 UTC https://padlet.com/turcop/nryq9xkjkppjm5h2/wish/723861306 Laissez-Faire VS The Command System https://padlet.com/turcop/nryq9xkjkppjm5h2/wish/724013487 I believe it truly is a mixture that best suits the needs of society and here is why. Quite simply with the Laissez-Faire system more powerful and wealthy businesses are bound to dominate the market. Therefore putting a halt on middle and lower class economic growth. This is where the government plays a role in putting a monopolizing company down, through, taxes, litigation, and other forms of control.]]> 2020-09-07 02:59:58 UTC https://padlet.com/turcop/nryq9xkjkppjm5h2/wish/724013487 Capitalism https://padlet.com/turcop/nryq9xkjkppjm5h2/wish/724028243 Capitalism answers the first question. What will be produced? Through seeing what products or services consumers are buying businesses are free to produce more and more without restriction from the government.]]> 2020-09-07 03:10:05 UTC https://padlet.com/turcop/nryq9xkjkppjm5h2/wish/724028243 The Command System https://padlet.com/turcop/nryq9xkjkppjm5h2/wish/724033441 Learning a lot about the Soviet Union communism, The command system answers the question. Who will get the goods and services being produced. The government allocates what resources and capital by what THEY see fit not there citizens as well as they mostly see the output due to restrictions on almost all middle and lower class incomes.]]> 2020-09-07 03:13:29 UTC https://padlet.com/turcop/nryq9xkjkppjm5h2/wish/724033441 What to produce?? turcop https://padlet.com/turcop/nryq9xkjkppjm5h2/wish/732813018 2020-09-09 19:28:29 UTC https://padlet.com/turcop/nryq9xkjkppjm5h2/wish/732813018 Venezuela's System https://padlet.com/turcop/nryq9xkjkppjm5h2/wish/733349153 Venezuela- Command System. 

This country is one of the few that still uses the command system. They are doing horrible because there has been and economic mismanagement and corruption. In my opinion if you have the command system you should have a board that is not overseen by the leader in command. 

]]> 2020-09-10 00:11:16 UTC https://padlet.com/turcop/nryq9xkjkppjm5h2/wish/733349153 Free market economy is controlled by private owners and price of goods and services are set by supply and demand. Command economy and price are controlled and determined by government. https://padlet.com/turcop/nryq9xkjkppjm5h2/wish/742232327 2020-09-13 21:50:23 UTC https://padlet.com/turcop/nryq9xkjkppjm5h2/wish/742232327 https://padlet.com/turcop/nryq9xkjkppjm5h2/wish/742300067 2020-09-13 23:17:24 UTC https://padlet.com/turcop/nryq9xkjkppjm5h2/wish/742300067