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Economies

There are several different kinds of economies that countries utilize.  They range from a system where almost anything could be sold in an open or free market, all the way to a system that allows little to no entrepreneurial activity and the government controls basically everything.  Our website is dedicated to picking each of these apart and finding out how they work in detail.  

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Free Market Economy

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Free Market         A free market economy is one in which the prices of goods and services are determined by the open market and the consumers, without government intervention. The people of the economy decide what is being produced. They can buy and sell whatever they would like.   products are made based what ever way the person would like to produce their products. Any way the producer would like to produce their products they are allowed to.          The sellers are producing for any person they desire. They can decide to produce for the people in the community, or they can only decide to produce for their family and friends. They don't have to sell to anybody they don't want to.      Some advantages of free market economy is consumer sovereignty meaning that the price of the goods are determined by the people and what they purchase so it gives the consumer a voice in the economy. Also people to have the confidence to start their own busine
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Command Economy

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Government ownership of the means of production. In command economies, governments will own some or all of the industries producing goods and services. Government pricing and production decisions. In a command economy, production is decided by government agencies, who decide the most socially efficient goods to produce. Government agencies may also set prices or give consumers rations directly. Government macro-economic objectives. In a command economy, the government will have over-riding macroeconomic objectives such as employment rates and what to produce. Some centrally planned economies may consist of not just state-owned enterprises, but some privately owned firms who are closely directed by state management.
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Why Mixed Economies Are The Best

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                 Why Mixed Economies Are The Best Economies Mixed economies, the economy known for opportunities and investments. In a mixed economy, as tons of people have proved throughout the years, one can get filthy rich. I'm talking millions and millions and millions. You don't hear about people in North Korea's command economy (or as close to command there is) making millions off an idea they had. You know why? The people did not get the credit they deserve, in fact the government takes all the credit and most of the money. People are fleeing from all over creation to the mixed economies of the world, especially the United States because they know they have the freedom to create what they want without the government taking any credit. If you don't believe me, the United States have created copyrights, which allows anybody with an idea or creation to copyright it so nobody else can steal your idea, nor money. This economic system, besides a free market, have p
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