Question
Substantive feedback to: The three countries that I have chosen are New Zealand, China, and Cuba. First, New Zealand can be described as a free
Substantive feedback to: The three countries that I have chosen are New Zealand, China, and Cuba. First, New Zealand can be described as a free market. Which is when the prices are controlled mainly by privately owned businesses. Meaning that the economy is more controlled with supply and demand. The government does not really have a whole lot of say in this type of economy. Next, Cuba is defined as a command market. Command market is fully controlled by the government. Where they dictate the cost of things as well as the amount of goods being produced. Finally, China is described as a market economy. This type of economy is both socialism and capitalism. More simply put, it is run by both the government and partly free. It is the middle ground of the free market and command market.
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