https://padlet.com/0519898/pr00kktpol3fepiu Phoenix Aragon Period 2 en-us 2021-05-28 14:45:59 UTC 2026-01-12 02:33:36 UTC hello@padlet.com 0519898 https://padlet.com/0519898/pr00kktpol3fepiu/wish/1568776734 2021-05-28 15:14:03 UTC https://padlet.com/0519898/pr00kktpol3fepiu/wish/1568776734 0519898 https://padlet.com/0519898/pr00kktpol3fepiu/wish/1568840667 2021-05-28 15:33:56 UTC https://padlet.com/0519898/pr00kktpol3fepiu/wish/1568840667 0519898 https://padlet.com/0519898/pr00kktpol3fepiu/wish/1568841897 2021-05-28 15:34:13 UTC https://padlet.com/0519898/pr00kktpol3fepiu/wish/1568841897 0519898 https://padlet.com/0519898/pr00kktpol3fepiu/wish/1579296775 A market economy works under the laws of supply and demand.]]> 2021-06-02 12:31:19 UTC https://padlet.com/0519898/pr00kktpol3fepiu/wish/1579296775 0519898 https://padlet.com/0519898/pr00kktpol3fepiu/wish/1579302168 A market economy is an economy where most resources are owned/controlled by the people and are allocated through market transactions.]]> 2021-06-02 12:33:48 UTC https://padlet.com/0519898/pr00kktpol3fepiu/wish/1579302168 0519898 https://padlet.com/0519898/pr00kktpol3fepiu/wish/1579306367 Profit and self interest from the people is a very important part of driving this economy.]]> 2021-06-02 12:35:38 UTC https://padlet.com/0519898/pr00kktpol3fepiu/wish/1579306367 0519898 https://padlet.com/0519898/pr00kktpol3fepiu/wish/1579313973 Owners are allowed to produce, sell and purchase goods and services in the competitive market.]]> 2021-06-02 12:38:41 UTC https://padlet.com/0519898/pr00kktpol3fepiu/wish/1579313973 0519898 https://padlet.com/0519898/pr00kktpol3fepiu/wish/1579321653 Places with Market Economies include The United States of America, Western Europe, and Japan.]]> 2021-06-02 12:41:41 UTC https://padlet.com/0519898/pr00kktpol3fepiu/wish/1579321653 0519898 https://padlet.com/0519898/pr00kktpol3fepiu/wish/1579324259 2021-06-02 12:42:46 UTC https://padlet.com/0519898/pr00kktpol3fepiu/wish/1579324259 0519898 https://padlet.com/0519898/pr00kktpol3fepiu/wish/1579325377 freedom of choice]]> 2021-06-02 12:43:13 UTC https://padlet.com/0519898/pr00kktpol3fepiu/wish/1579325377 0519898 https://padlet.com/0519898/pr00kktpol3fepiu/wish/1579326047 self-interest]]> 2021-06-02 12:43:29 UTC https://padlet.com/0519898/pr00kktpol3fepiu/wish/1579326047 0519898 https://padlet.com/0519898/pr00kktpol3fepiu/wish/1579326604 competition]]> 2021-06-02 12:43:42 UTC https://padlet.com/0519898/pr00kktpol3fepiu/wish/1579326604 0519898 https://padlet.com/0519898/pr00kktpol3fepiu/wish/1579328157 buying and selling]]> 2021-06-02 12:44:16 UTC https://padlet.com/0519898/pr00kktpol3fepiu/wish/1579328157 0519898 https://padlet.com/0519898/pr00kktpol3fepiu/wish/1579328748 private property]]> 2021-06-02 12:44:29 UTC https://padlet.com/0519898/pr00kktpol3fepiu/wish/1579328748 0519898 https://padlet.com/0519898/pr00kktpol3fepiu/wish/1579712697 A centralized government controls the means of production and gives orders.]]> 2021-06-02 14:45:47 UTC https://padlet.com/0519898/pr00kktpol3fepiu/wish/1579712697 0519898 https://padlet.com/0519898/pr00kktpol3fepiu/wish/1579715456 The government determines what is produced, how it's produced, and how it's distributed.]]> 2021-06-02 14:46:37 UTC https://padlet.com/0519898/pr00kktpol3fepiu/wish/1579715456 0519898 https://padlet.com/0519898/pr00kktpol3fepiu/wish/1579718580 The government employs all workers and decides how much they get paid.]]> 2021-06-02 14:47:37 UTC https://padlet.com/0519898/pr00kktpol3fepiu/wish/1579718580 0519898 https://padlet.com/0519898/pr00kktpol3fepiu/wish/1579720735 There is a lack of competition in the market]]> 2021-06-02 14:48:14 UTC https://padlet.com/0519898/pr00kktpol3fepiu/wish/1579720735 0519898 https://padlet.com/0519898/pr00kktpol3fepiu/wish/1579722329 There are low levels of inequality and unemployment]]> 2021-06-02 14:48:41 UTC https://padlet.com/0519898/pr00kktpol3fepiu/wish/1579722329 0519898 https://padlet.com/0519898/pr00kktpol3fepiu/wish/1579726645 Command Economies are able to act quickly in emergencies.]]> 2021-06-02 14:49:58 UTC https://padlet.com/0519898/pr00kktpol3fepiu/wish/1579726645 0519898 https://padlet.com/0519898/pr00kktpol3fepiu/wish/1579732536 Places with command economies are for the most part communist countries. 
For example...]]> 2021-06-02 14:51:45 UTC https://padlet.com/0519898/pr00kktpol3fepiu/wish/1579732536 0519898 https://padlet.com/0519898/pr00kktpol3fepiu/wish/1579738136                China]]> 2021-06-02 14:53:29 UTC https://padlet.com/0519898/pr00kktpol3fepiu/wish/1579738136 0519898 https://padlet.com/0519898/pr00kktpol3fepiu/wish/1579738725                   Cuba]]> 2021-06-02 14:53:39 UTC https://padlet.com/0519898/pr00kktpol3fepiu/wish/1579738725 0519898 https://padlet.com/0519898/pr00kktpol3fepiu/wish/1579739183            North Korea]]> 2021-06-02 14:53:48 UTC https://padlet.com/0519898/pr00kktpol3fepiu/wish/1579739183 0519898 https://padlet.com/0519898/pr00kktpol3fepiu/wish/1579740005              Vietnam]]> 2021-06-02 14:54:04 UTC https://padlet.com/0519898/pr00kktpol3fepiu/wish/1579740005 0519898 https://padlet.com/0519898/pr00kktpol3fepiu/wish/1579749616 The government owns all resources and tells businesses what to sell.]]> 2021-06-02 14:57:01 UTC https://padlet.com/0519898/pr00kktpol3fepiu/wish/1579749616 0519898 https://padlet.com/0519898/pr00kktpol3fepiu/wish/1579882371 Traditional economies are a way of life in underdeveloped countries that rely on habits and traditions such as trading, farming and hunting.]]> 2021-06-02 15:36:30 UTC https://padlet.com/0519898/pr00kktpol3fepiu/wish/1579882371 0519898 https://padlet.com/0519898/pr00kktpol3fepiu/wish/1579886239 Traditional Economies do not operate under a profit motive.]]> 2021-06-02 15:37:42 UTC https://padlet.com/0519898/pr00kktpol3fepiu/wish/1579886239 0519898 https://padlet.com/0519898/pr00kktpol3fepiu/wish/1579889758 All goods and services are completely used by the community and there is never an excess or shortage of goods.]]> 2021-06-02 15:38:41 UTC https://padlet.com/0519898/pr00kktpol3fepiu/wish/1579889758 0519898 https://padlet.com/0519898/pr00kktpol3fepiu/wish/1579892607 Traditional Economies are as old as man kind and can date back to the Stone Age.]]> 2021-06-02 15:39:30 UTC https://padlet.com/0519898/pr00kktpol3fepiu/wish/1579892607 0519898 https://padlet.com/0519898/pr00kktpol3fepiu/wish/1579895230 Traditional Economies base economic decisions on cultural values, beliefs and tradition.]]> 2021-06-02 15:40:19 UTC https://padlet.com/0519898/pr00kktpol3fepiu/wish/1579895230 0519898 https://padlet.com/0519898/pr00kktpol3fepiu/wish/1579900402 People who have traditional economies include...]]> 2021-06-02 15:41:38 UTC https://padlet.com/0519898/pr00kktpol3fepiu/wish/1579900402 0519898 https://padlet.com/0519898/pr00kktpol3fepiu/wish/1579912546 The economy relies on tradition to decide how goods and services will be produced, and how they are distributed.]]> 2021-06-02 15:45:21 UTC https://padlet.com/0519898/pr00kktpol3fepiu/wish/1579912546 0519898 https://padlet.com/0519898/pr00kktpol3fepiu/wish/1579918048               Eskimos]]> 2021-06-02 15:47:01 UTC https://padlet.com/0519898/pr00kktpol3fepiu/wish/1579918048 0519898 https://padlet.com/0519898/pr00kktpol3fepiu/wish/1579920373               Amish]]> 2021-06-02 15:47:42 UTC https://padlet.com/0519898/pr00kktpol3fepiu/wish/1579920373 0519898 https://padlet.com/0519898/pr00kktpol3fepiu/wish/1579921861               Pigmies]]> 2021-06-02 15:48:12 UTC https://padlet.com/0519898/pr00kktpol3fepiu/wish/1579921861