Economic Systems #2

Government makes all the economic decisions

• command

• market

• traditional

Family/community is very strong

• command

• market

• traditional

Resources can be adjusted very quickly

• command

• market

• traditional

Capitalism

• command

• market

• traditional

Little incentive for workers to work hard

• command

• market

• traditional

Very low standard of living

• command

• market

• traditional

Cuba

• command

• market

• traditional

South Korea

• command

• market

• traditional

China (think what they are moving towards)

• command

• market

• traditional

The Amish

• command

• market

• traditional