The Mixed Economic System is the most common economic system. It has characteristics of a command economy and a pure market economy. The U.S. leans more toward the market system then the command system. Whereas China who is communist, leans more toward a command system rather then market system.
The mixed economic system is the most commonly used economic system in the world. A mixed economic system is a combination of a command and a market economic system. Some examples of where a mixed economic system is used is of course the United States, China, and even Russia has a mixed economy.
A traditional economy is one that answers the four basic economic questions based on tradition. It is based on customs, relgion, and the way things have always been done. A traditional economy can be found in places like Africa, Latin America, the Middle East, and a few Asian countries.
A traditional economic system does things the way that the past generations have always done things. The economic decisions are usually based on religious beliefs and the customs that have been passed down from generation to generation. There are not very many countries that sitll have this type of economy. It is basiclally only ound in very limited parts of Africa, Latin America, and the Middle East.
One type of economic system is the mixed economic sysetm. A mixed economy has contains characteristics of a command economy and a pure market economy. In mixed economies, they mix will vary so that any one economic system leans toward one pure type than another. The US tens to leavn toward the command system. Not all decisions are made by individuals. Federal, state, and local govt. make laws regulating areas of business. China leans much more toward the command than toward the pure market system. Many factories in China are owned by the governement and tey tell the managers what to produce and how much.
A traditional economic system is a system that answers the 4 basic economic questions. This system is based on the way things have been done in the past. economic decisions are based on customs, beliefs, and religious ways. The ways of doing things are based on from generation to generation. Places that have this economic system are places like Africa, and Middle East.
The command economy is where an individual has little to no power over how the basic economic questions are answered. Two examples of this kind of economy are Saudi Arabia, and North Korea
A mixed ecomomy has characteristics of a command and pure market economy. It is the most common economic system in the world. There are different sides of the mixed economic system. Like US has a more pure market than command system.
I agree with Casey and Travis that the mixed economy is the most commonly used. I think that it would almost impossible to find a pure command or market economy. I think that the most interesting type of economy would be the traditional one. It would be different for every place, and you would get to see different views and stuff the people have that live there.
I like emily's information on the mixed system, although she could probably learn how to spell. Briana also did a good job at telling about the Traditional Economic System too.
One of the least popular forms of economic systems is the command economy. This type of economic system is one where the Government controls everything. The closest thing to a command style economy is found in China, Cuba, and North Korea.
The Market Economy is where the government does not intervene. It is purely the individuals job for production. According to wikipedia, a lot of western European countries (with the UK as an exemption) use this type of system.
A tradional economic system answers the four basic questions according to tradition. They are usually based on customs and religions. Found in Africa, Latin America, and the middle east.
I agree with Emily when she says that the United States leans more toward a command economy. We have a mixed economy but the Federal Government does have restrictions and quite a bit of control over how our economy runs. But, at the same time individuals also have the right to make a lot of decisions in our economic system.
A Pure Market Economic System, or capitalism, is the exact opposite of a pure command economic system. In a pure market economic system, government doesnt intervene. Individuals own the factors of production, & they decide for themselves the answers to the four basic economic questions. The United States used to have this kind of system, back in the era of Andrew Carnegie & John D. Rockefeller. However, many Latin American nations still have this kind of system today.
Travis- sorry about my spelling! I struggle when there isn't spell check!
Looks like everyone knows what they are talking about! This is mostly review for most of us so this chapter shouldn't be too hard. I agree with Casey that a mixed economy is the most popular. I also agree with Briana that it would be interesting to live in a tradition economy country.
In a comman economic system, an individual has little influence over how the economic questions are answered. Government controls every aspect production and the uses of goods. An example of this would be communist countries.
I also agree with Chad that command economies are the least common. Barely any countries still use a pure command economy. Many of the countries that had command economies in the past have transformed their economy into a mixed economy.
The mixed economy has the characteristics of a command and pure market economy. It is the most commonly used economic system in the world. In mixed economies, the mix will vary so that any one economic system leans mroe toward one putre type than another.
In the traditional economic system, people do what they have always done. Tradition dictates each individual's role, and decisions are based on customs and beliefs. Limited parts of Asia, the Middle East, Africa, and Latin America use this kind of system.
I agree with Emily because, even though we are said to have a mixed economy, our federal government has stepped in & taken control of a lot of our governmental features. Some people think they may be even over stepping their boundaries.
I agree with Briana. The traditional economic system does things the way that they have always been done. I like what Paul said about the mixed economy. It does have characteristics of both a command and pure market. It is one of the most popular economies in the world.
I also agree with those people. I think that most countries have moved away from pure command and market and to one that has mixed qualities. I can't think of any that are 100% pure.
Emily did a good job at describing the mixed economy system. One thing, though, that she got wrong was that the US tends toward the market system, not the command. Well it is supposed to, anyways.
And now I see Casey and Brady's comment. The US is mixed because it does involve both, including the command. But, I think we are more towards the market just because people do get to make some decisions. Our factories aren't owned by the government, and we don't have people telling us what to produce and how much. In China (command) for instance the government tells factory managers at what price to sell items.
I also agree with briana and all the people that said there are no economic systems taht are 100% pure. And that most economies are moving towards mixed economies.
Well i finally got my blog to work. Since, everyone seems to be going with the mixed ecomomy, i'll try the command style economy.Basically with the command style economy, the government makes the decisions for the people and there is never any real choice. The government chooses everything form jobs to use of resources.
I agree with chris, there are really only mixed economies in the world today. I also agree with chad, because the three countries he had mentioned are command style economies, but when it gets down to the bare bones of it, I'd say they are all mixed in some way or another. So, in that point, i would also dissagree with chad.
Bertsch I have to agree to disagree with you. Yes, you are correct in saying there is nothing but mixed economies. But in the same fact all I was saying is that those three countries are the closest to command style economies.
Mixed Economy which contains characteristics of a command economy and a pure free market economy. The United States has this and so does China. We also see that Japan has this too.
The Mixed Economic System is the most common economic system. It has characteristics of a command economy and a pure market economy. The U.S. leans more toward the market system then the command system. Whereas China who is communist, leans more toward a command system rather then market system.
ReplyDeleteMixed Economy which contains characteristics of a cammand economy and a pure market economy. The United States has this and so does China.
ReplyDeleteThe mixed economic system is the most commonly used economic system in the world. A mixed economic system is a combination of a command and a market economic system. Some examples of where a mixed economic system is used is of course the United States, China, and even Russia has a mixed economy.
ReplyDeleteA traditional economy is one that answers the four basic economic questions based on tradition. It is based on customs, relgion, and the way things have always been done. A traditional economy can be found in places like Africa, Latin America, the Middle East, and a few Asian countries.
ReplyDeleteA traditional economic system does things the way that the past generations have always done things. The economic decisions are usually based on religious beliefs and the customs that have been passed down from generation to generation. There are not very many countries that sitll have this type of economy. It is basiclally only ound in very limited parts of Africa, Latin America, and the Middle East.
ReplyDeleteOne type of economic system is the mixed economic sysetm. A mixed economy has contains characteristics of a command economy and a pure market economy. In mixed economies, they mix will vary so that any one economic system leans toward one pure type than another. The US tens to leavn toward the command system. Not all decisions are made by individuals. Federal, state, and local govt. make laws regulating areas of business. China leans much more toward the command than toward the pure market system. Many factories in China are owned by the governement and tey tell the managers what to produce and how much.
ReplyDeleteA traditional economic system is a system that answers the 4 basic economic questions. This system is based on the way things have been done in the past. economic decisions are based on customs, beliefs, and religious ways. The ways of doing things are based on from generation to generation. Places that have this economic system are places like Africa, and Middle East.
ReplyDeleteThe command economy is where an individual has little to no power over how the basic economic questions are answered. Two examples of this kind of economy are Saudi Arabia, and North Korea
ReplyDeleteThis comment has been removed by a blog administrator.
ReplyDeleteA mixed ecomomy has characteristics of a command and pure market economy. It is the most common economic system in the world. There are different sides of the mixed economic system. Like US has a more pure market than command system.
ReplyDeleteI agree with Casey and Travis that the mixed economy is the most commonly used. I think that it would almost impossible to find a pure command or market economy. I think that the most interesting type of economy would be the traditional one. It would be different for every place, and you would get to see different views and stuff the people have that live there.
ReplyDeleteI like emily's information on the mixed system, although she could probably learn how to spell. Briana also did a good job at telling about the Traditional Economic System too.
ReplyDeleteOne of the least popular forms of economic systems is the command economy. This type of economic system is one where the Government controls everything. The closest thing to a command style economy is found in China, Cuba, and North Korea.
ReplyDeleteThe Market Economy is where the government does not intervene. It is purely the individuals job for production. According to wikipedia, a lot of western European countries (with the UK as an exemption) use this type of system.
ReplyDeleteA tradional economic system answers the four basic questions according to tradition. They are usually based on customs and religions. Found in Africa, Latin America, and the middle east.
ReplyDeleteEmily had a good blog and very clear. Also I think they all did a good job at explaining their answer. Everyone else did a great job also.
ReplyDeleteTravis stop being a creeper and a suck up!haha
ReplyDeleteI agree with Emily when she says that the United States leans more toward a command economy. We have a mixed economy but the Federal Government does have restrictions and quite a bit of control over how our economy runs. But, at the same time individuals also have the right to make a lot of decisions in our economic system.
ReplyDeleteThanks chad for choosing the same one as me! ha
ReplyDeleteI agree with casey agreeing with emily. we do have quite a command economy. you two are both very smart.
ReplyDeleteA Pure Market Economic System, or capitalism, is the exact opposite of a pure command economic system. In a pure market economic system, government doesnt intervene. Individuals own the factors of production, & they decide for themselves the answers to the four basic economic questions. The United States used to have this kind of system, back in the era of Andrew Carnegie & John D. Rockefeller. However, many Latin American nations still have this kind of system today.
ReplyDeleteTravis- sorry about my spelling! I struggle when there isn't spell check!
ReplyDeleteLooks like everyone knows what they are talking about! This is mostly review for most of us so this chapter shouldn't be too hard. I agree with Casey that a mixed economy is the most popular. I also agree with Briana that it would be interesting to live in a tradition economy country.
In a comman economic system, an individual has little influence over how the economic questions are answered. Government controls every aspect production and the uses of goods. An example of this would be communist countries.
ReplyDeleteI also agree with Chad that command economies are the least common. Barely any countries still use a pure command economy. Many of the countries that had command economies in the past have transformed their economy into a mixed economy.
ReplyDeleteI agree with chad saying that the command system is one of the least popular economic systems.
ReplyDeleteThe mixed economy has the characteristics of a command and pure market economy. It is the most commonly used economic system in the world. In mixed economies, the mix will vary so that any one economic system leans mroe toward one putre type than another.
ReplyDeleteI agree wit halmost everyone saying that Mixed is most widely used. Cause it totally is. tootallllyyyy. yes. very much so. yes.
ReplyDeleteIn the traditional economic system, people do what they have always done. Tradition dictates each individual's role, and decisions are based on customs and beliefs. Limited parts of Asia, the Middle East, Africa, and Latin America use this kind of system.
ReplyDeleteI think everyone did a wonderful job!!! woohooo go Ecomomics!
ReplyDelete"like" paul's last comment
ReplyDeleteI agree with Emily because, even though we are said to have a mixed economy, our federal government has stepped in & taken control of a lot of our governmental features. Some people think they may be even over stepping their boundaries.
ReplyDeleteI agree with Briana. The traditional economic system does things the way that they have always been done. I like what Paul said about the mixed economy. It does have characteristics of both a command and pure market. It is one of the most popular economies in the world.
ReplyDeleteI also agree with those people. I think that most countries have moved away from pure command and market and to one that has mixed qualities. I can't think of any that are 100% pure.
ReplyDeleteEmily did a good job at describing the mixed economy system. One thing, though, that she got wrong was that the US tends toward the market system, not the command. Well it is supposed to, anyways.
ReplyDeleteAnd now I see Casey and Brady's comment. The US is mixed because it does involve both, including the command. But, I think we are more towards the market just because people do get to make some decisions. Our factories aren't owned by the government, and we don't have people telling us what to produce and how much. In China (command) for instance the government tells factory managers at what price to sell items.
ReplyDeleteI agree with what everyone was saying when they said that the mixed economic system is the most commong system used.
ReplyDeleteamen chris. agreed.
ReplyDeleteI also agree with briana and all the people that said there are no economic systems taht are 100% pure. And that most economies are moving towards mixed economies.
ReplyDeleteWell i finally got my blog to work. Since, everyone seems to be going with the mixed ecomomy, i'll try the command style economy.Basically with the command style economy, the government makes the decisions for the people and there is never any real choice. The government chooses everything form jobs to use of resources.
ReplyDeleteI agree with chris, there are really only mixed economies in the world today. I also agree with chad, because the three countries he had mentioned are command style economies, but when it gets down to the bare bones of it, I'd say they are all mixed in some way or another. So, in that point, i would also dissagree with chad.
ReplyDeleteBertsch I have to agree to disagree with you. Yes, you are correct in saying there is nothing but mixed economies. But in the same fact all I was saying is that those three countries are the closest to command style economies.
ReplyDeleteEmily is wrong, we are much closer to a market economy than a command. I think this is proven by the fact that there is private ownership.
ReplyDeleteMixed Economy which contains characteristics of a command economy and a pure free market economy. The United States has this and so does China. We also see that Japan has this too.
ReplyDelete