The heart of any nation is its economy.
Date Submitted: 01/05/2003 05:23:59
Category: / Business & Economy / Economics
Length: 2 pages (681 words)
Category: / Business & Economy / Economics
Length: 2 pages (681 words)
Jamie Milliser
Jan. 31, 2002
"The heart of any nation is its economy."
The heart of any nation is its economy. An economy consists of all activity in a nation
that affects the production, distribution, and use of goods and services. There are four
different types of economic systems tradition, command, market, and mix. A pure
tradition economy is based on tradition and what was done in the past. In a pure
command economy the individual has …
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…insure that the people benefit not just one person. However, with so much
government control there is room for some aspects of a market economy. The people of
Van Bernstein have free will in the way of buying and selling of goods. The people are
allowed to use their money in their own way and they are able to change their own
occupation. This blending of these two different economies reveals the mixed economic
system.
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