https://padlet.com/05074301/xl9lp91tdz4ggu0z Lauren Kaler Period 6 en-us 2021-05-26 18:43:23 UTC 2024-10-29 05:14:40 UTC hello@padlet.com 05074301 https://padlet.com/05074301/xl9lp91tdz4ggu0z/wish/1569345232 2021-05-28 18:16:21 UTC https://padlet.com/05074301/xl9lp91tdz4ggu0z/wish/1569345232 05074301 https://padlet.com/05074301/xl9lp91tdz4ggu0z/wish/1569348012 A market economy is an economy where we have freedoms to sell our goods and services. We can control the prices of an item. The prices may constantly change depending on the supply and demand.In this type of an economy the competition is running the market. Buyers may want to find the lowest price for a good or service and there is constant competition between sellers.

(Market economy based on supply and demand with little to no government interaction) -->]]> 2021-05-28 18:17:23 UTC https://padlet.com/05074301/xl9lp91tdz4ggu0z/wish/1569348012 05074301 https://padlet.com/05074301/xl9lp91tdz4ggu0z/wish/1569426288 There are advantages of having a market economy. First, it helps businesses make more profit being able to control the price of their item depending on the cost of the product or service. Second, the competition leads to more innovations because of the need to have creativity to draw clients to your item vs the many others on the market. Finally,  it helps insure the production of high demand items. You may have to pay a higher price but with that higher profit the companies will be able to pay for an item with higher demand.These are some of the many advantages.
(Thumbs up for the advantages of market economy) -->

]]> 2021-05-28 18:47:26 UTC https://padlet.com/05074301/xl9lp91tdz4ggu0z/wish/1569426288 05074301 https://padlet.com/05074301/xl9lp91tdz4ggu0z/wish/1569450696 To begin, we may not have more environmentally safe productions. This is because it cost more to produce in an environmentally friendly manner. In a market economy the government can not have regulations on that. Therefore, that would reduce their profit and they are not likely to choose an environmentally friendly manner. Another disadvantage is that the wealth is not spread, which is not necessarily bad however we are not controlling the amount of poor of homeless people. This system will help the rich be richer and the homeless will stay homeless. Finally, some of the conditions will be worse for workers. Business have to pay more for health and safety regulations which they may not take, considering they want more profits. These are just some of the many disadvantages. 

(Their are advantages and disadvantages, these are the disadvantages, thumbs down )-->]]> 2021-05-28 18:57:29 UTC https://padlet.com/05074301/xl9lp91tdz4ggu0z/wish/1569450696 05074301 https://padlet.com/05074301/xl9lp91tdz4ggu0z/wish/1577443364 Private property is a main characteristic of market economy. Most of our goods and services are privately owned. The owners of the store often rent the space. Therefore the  owners of a piece of property make a profit. They have the freedom to sell or rent their space.
(Private property sign that could be rented or sold)-->]]> 2021-06-01 19:30:21 UTC https://padlet.com/05074301/xl9lp91tdz4ggu0z/wish/1577443364 05074301 https://padlet.com/05074301/xl9lp91tdz4ggu0z/wish/1577459796 Competition is a main factor in a market economy. Competition drives the market. The business owners have the freedom of pricing an item. The prices depend in the supply and the demand. When demand is high, owners tend to raise their prices. When supply is high owners tend to lower their prices and vice versa. As a costumer, we want to find the best price of an item. This creates a competition between sellers. They want to have the best price, trying to draw in customers. This applies to workers as well. They want to find the highest paying job
(Business owners fighting over who gets the clients)
-->]]> 2021-06-01 19:37:27 UTC https://padlet.com/05074301/xl9lp91tdz4ggu0z/wish/1577459796 05074301 https://padlet.com/05074301/xl9lp91tdz4ggu0z/wish/1578171897 As we know, the government has a limited role in a market economy. The governments job in a market economy is to ensure the market is up and running. They are in-charge of many roles to ensure the market is equal and protected. They try to make sure the that no one is controlling the market.
(Limited government role on market economy)-->]]> 2021-06-02 01:58:34 UTC https://padlet.com/05074301/xl9lp91tdz4ggu0z/wish/1578171897 05074301 https://padlet.com/05074301/xl9lp91tdz4ggu0z/wish/1578212730 Demand is based on a multiple things. Demand can be based on the price, costumers income, prices in relations with others, customers style and costumers expectations.
(Hands representing many buyers wanting one item) -->]]> 2021-06-02 02:16:40 UTC https://padlet.com/05074301/xl9lp91tdz4ggu0z/wish/1578212730 05074301 https://padlet.com/05074301/xl9lp91tdz4ggu0z/wish/1578223782 Supply is based on resources and labor. Supply is based on the amount of natural resources and workers willing to complete the labor. Supply levels are changing constantly.
(This is an example of a supply chain) -->]]> 2021-06-02 02:21:23 UTC https://padlet.com/05074301/xl9lp91tdz4ggu0z/wish/1578223782 05074301 https://padlet.com/05074301/xl9lp91tdz4ggu0z/wish/1578241227 2021-06-02 02:28:57 UTC https://padlet.com/05074301/xl9lp91tdz4ggu0z/wish/1578241227 05074301 https://padlet.com/05074301/xl9lp91tdz4ggu0z/wish/1578247484 A traditional economy is not based on profit. It is based off traditions, cultures, hierarchy and geography. The traditions and cultures base what products and services are made, how they are made and how they are distributed. For example, hunting, fishing and farming. It depends on a system of barter and trade, unlike different economies. 
( traditional economy based on practices like fishing, hunting, etc.. ) -->]]> 2021-06-02 02:31:42 UTC https://padlet.com/05074301/xl9lp91tdz4ggu0z/wish/1578247484 05074301 https://padlet.com/05074301/xl9lp91tdz4ggu0z/wish/1578292791 There are many advantages to a traditional economy. First it protects the economy from air pollution. It helps keep a clean environment. Next, it ties together a community where each individual has a role. They control a certain role and feel the pride from participating. Finally, they only produce what they need to survive, there is no waste.
(Thumbs up to represent the positives) -->]]> 2021-06-02 02:51:08 UTC https://padlet.com/05074301/xl9lp91tdz4ggu0z/wish/1578292791 05074301 https://padlet.com/05074301/xl9lp91tdz4ggu0z/wish/1578308989 There are some disadvantages of a traditional economy.One of those is that it is a constant work mode. There is no time off or breaks. You constantly have to work to provide for you and your family. Another disadvantage is that there are not many job choose. You have a role to complete in your society. As well as the jobs are passed down through family. For example, if your  grandpa was a hunter, your dad and you will be hunters. These are just some of the disadvantages. 
(Thumbs down to represent the negatives)-->]]> 2021-06-02 02:57:43 UTC https://padlet.com/05074301/xl9lp91tdz4ggu0z/wish/1578308989 05074301 https://padlet.com/05074301/xl9lp91tdz4ggu0z/wish/1578326131 Barter is a main aspect of a traditional economy. Bartering is an exchange that does not involve money. For example, you can barter a fish for a piece of clothing. Bartering has many benefits. It allows two groups of people to get what they need while giving something others need. Another benefit is that bartering allows those who don't have money to get something they need.
(This shows an exchange without money or a currency, it is a photo of an exchange of two items) -->]]> 2021-06-02 03:05:58 UTC https://padlet.com/05074301/xl9lp91tdz4ggu0z/wish/1578326131 05074301 https://padlet.com/05074301/xl9lp91tdz4ggu0z/wish/1578338634 Trading is another important aspect of a traditional economy.Trade can use the money or a currency for buying and selling goods however that was not always the case. In some case trade is based off barter. Trading allows a market for those who are limited to certain resources. For example, a town that is not near the water can trade with a town near the water for fish.
(This photo shows a trade of a good )-->

]]> 2021-06-02 03:11:55 UTC https://padlet.com/05074301/xl9lp91tdz4ggu0z/wish/1578338634 05074301 https://padlet.com/05074301/xl9lp91tdz4ggu0z/wish/1579395322 A traditional economy generally runs in a nomadic society.They usually are practiced in developing countries. They are most seen in Africa, Asia, Latin America, and the Middle East. However, they may also be found in small parts of a country.
( A map of the world to show the different parts of the world and to visualize where these economies typically take place)-->]]> 2021-06-02 13:09:10 UTC https://padlet.com/05074301/xl9lp91tdz4ggu0z/wish/1579395322 05074301 https://padlet.com/05074301/xl9lp91tdz4ggu0z/wish/1579540353 A traditional economy often evolves to using some form of currency. This allows a more free form of trading. This helps rely less on bartering.A traditional economy may also evolve to a different type of economy.

(This is a system of evolutions from a chimpanzee to a human, i am trying to show the same can happen with cities and economies)-->]]> 2021-06-02 13:53:47 UTC https://padlet.com/05074301/xl9lp91tdz4ggu0z/wish/1579540353 05074301 https://padlet.com/05074301/xl9lp91tdz4ggu0z/wish/1579575583 Tribes tend to have a traditional economy because they are constantly moving trying to find cattle and move with their resources. As we know, a traditional economy is based on the resources around you. You survive on the basic needs in life and that is why you follow your resources.
(This is an image of a nomadic tribe following their animals that are what drives the lifestyle)-->]]> 2021-06-02 14:04:44 UTC https://padlet.com/05074301/xl9lp91tdz4ggu0z/wish/1579575583 05074301 https://padlet.com/05074301/xl9lp91tdz4ggu0z/wish/1579580520 2021-06-02 14:06:14 UTC https://padlet.com/05074301/xl9lp91tdz4ggu0z/wish/1579580520 05074301 https://padlet.com/05074301/xl9lp91tdz4ggu0z/wish/1579582642 A command economy is where the government controls the economy. The government has control of prices, resources, etc...  The goal of a command economy is for the government to promote general welfare. The government controls what is made, how it is made and how it is distributed.
(This is image shows the man on top of the arrows (the government) is leading and telling the others what to do)-->]]> 2021-06-02 14:06:52 UTC https://padlet.com/05074301/xl9lp91tdz4ggu0z/wish/1579582642 05074301 https://padlet.com/05074301/xl9lp91tdz4ggu0z/wish/1580315727 There are many advantages of a command economy. First, there is less inequality. There is less inequality because the government controls who works where and how much they get payed. Another advantage is that unemployment numbers are lower. The government sets job positions and wages that try to decrease the unemployment rate. Next, in a commands economy the products and services are most based on a common good rather than a profit gain. 
(Thumbs up for the positives)-->]]> 2021-06-02 17:51:02 UTC https://padlet.com/05074301/xl9lp91tdz4ggu0z/wish/1580315727 05074301 https://padlet.com/05074301/xl9lp91tdz4ggu0z/wish/1580371534 There are also many disadvantages to a command economy. First, is lack of competition that helps keep stores open. if prices are controlled and the same around the board, there is no competition. Without competition driving customers to stores there is often closing of stores. Another disadvantage is that you cannot own private property or invest your money. Meaning you have no way to succeed as you are all equal. Finally, is the lack on freedoms. For example, your career path, you cannot choose your job, you are given a job and wage that you fulfill.

(Thumbs down for the negatives) -->]]> 2021-06-02 18:09:52 UTC https://padlet.com/05074301/xl9lp91tdz4ggu0z/wish/1580371534 05074301 https://padlet.com/05074301/xl9lp91tdz4ggu0z/wish/1580448813 Government role in a command economy is very strong. The government controls all means of production. For example, materials, money, land, and industries. The government can use their power for good or bad. They can provide adequate  services and materials or they may neglect you of them.
(This image is an analogy used about a command economy, the analogy is "The government holds the strings; the people are left hanging.") -->]]> 2021-06-02 18:38:18 UTC https://padlet.com/05074301/xl9lp91tdz4ggu0z/wish/1580448813 05074301 https://padlet.com/05074301/xl9lp91tdz4ggu0z/wish/1580464952 An example of a command economy is North Korea. North Korea provides free medical care, housing and education. However, the quality of this services are not great. Which often results in hidden private black markets. As shown in this example it is not always a positive use of government control.
(Image of the government controlling workers and society) -->]]> 2021-06-02 18:44:28 UTC https://padlet.com/05074301/xl9lp91tdz4ggu0z/wish/1580464952 05074301 https://padlet.com/05074301/xl9lp91tdz4ggu0z/wish/1580507590 In a command economy we see aspects of communism and socialism. In all three of these categories the government control businesses and the market.They also provide general welfare.
(This is an idea that all three governments and markets share)--> ]]> 2021-06-02 19:02:00 UTC https://padlet.com/05074301/xl9lp91tdz4ggu0z/wish/1580507590 05074301 https://padlet.com/05074301/xl9lp91tdz4ggu0z/wish/1580535618 The first command economy began around 2200 BC. However, the first command economy as we know it today was not the same. The first example of a command economy as we know it today was created in 1917. It was the Soviet Union. A communist government who adopted a command economy.
(First command economy we had as we know it today) --> ]]> 2021-06-02 19:13:25 UTC https://padlet.com/05074301/xl9lp91tdz4ggu0z/wish/1580535618 05074301 https://padlet.com/05074301/xl9lp91tdz4ggu0z/wish/1580550907 There are often extremes in a command economy. For example, your diet could even be controlled. Your housing is chosen by the government. I feel in this situation you lose all power.
(This image is representing how power can be too strong and allows one side to have too much power, using an image of a rock being larger and outweighing the other ) -->]]> 2021-06-02 19:20:03 UTC https://padlet.com/05074301/xl9lp91tdz4ggu0z/wish/1580550907