Market and Command Economy- Kaitlyn Myers by KaitlynMyers00 https://padlet.com/84536/ym5hm1d9zxz0 Broad social Goals en-us 2018-09-20 01:52:08 UTC 2018-09-27 12:00:52 UTC hello@padlet.com Freedom 84536 https://padlet.com/84536/ym5hm1d9zxz0/wish/283700221 Private ownership of all kinds of resources is allowed and individual freedom and control or resources is highly valued. 


]]> 2018-09-20 01:55:45 UTC https://padlet.com/84536/ym5hm1d9zxz0/wish/283700221 Equity 84536 https://padlet.com/84536/ym5hm1d9zxz0/wish/283700412 Equality or opportunity, people are free to make own decisions on how to use their resources and capabilities but no guarantee of success. Income depends on the value of labor and other resources an individual has to sell. 

 Government ownership of most capital and land resources, many decisions made by central planners. ]]> 2018-09-20 01:56:45 UTC https://padlet.com/84536/ym5hm1d9zxz0/wish/283700412 Growth 84536 https://padlet.com/84536/ym5hm1d9zxz0/wish/283701445 Incentives for individuals and businesses to produce more and avoid waste encourage efficient use of resources specialization investment in capital and workers education and training and trade encourage higher levels of output 

wages often set by government to provide greater quality of income. Opportunities for moving or changing jobs are limited so jobs may not make use of individuals skills and abilities ]]> 2018-09-20 02:02:35 UTC https://padlet.com/84536/ym5hm1d9zxz0/wish/283701445 Security 84536 https://padlet.com/84536/ym5hm1d9zxz0/wish/283701476 Pensions, Job, Income, Housing, and health care provided or guaranteed by the government 

Resource allocation established by central planner. stated owned businesses are often inefficient but rarely allowed to fail 

No unemployment, prices usually set below market price to ensure goods are sold which controls official measures of inflation ]]> 2018-09-20 02:02:43 UTC https://padlet.com/84536/ym5hm1d9zxz0/wish/283701476 Efficiency 84536 https://padlet.com/84536/ym5hm1d9zxz0/wish/283701522 Most allocation decisions are made by consumers and producers in markets. Extensive specialization and international trade increases productivity and competition. 

Growth targets set by central planners who assign output quotas for different firms. Weak incentives to to reduce waste. Plant facilities and equipment maintenance often a problem ]]> 2018-09-20 02:02:56 UTC https://padlet.com/84536/ym5hm1d9zxz0/wish/283701522 Stability 84536 https://padlet.com/84536/ym5hm1d9zxz0/wish/283701546 Some unemployment is tolerated, income depends on the resources an individual has to sell, the federal government uses monetary and fiscal policies to reduce unemployment and inflation and encourage economic growth 

Generally  individual are responsible for their own health care retirement benefits, housing, and income. But there are some government programs to reduce risk and provided increased encomium security such as assistance for low income families unemployment compensation social security and government job training programs 
  
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