Pure Capitalism, Market Socialism, And Command Economy Systems

Part I of Essay
There are many different types of economic systems including pure capitalism, market socialism, and command economy. Each economic system tries to deal with economic scarcity in its own way and each have there own economic theories. To deal with scarcity they have set theo ....

Part II of Essay
.... economic activity. This economic system tries to find a balance between peoples interest and what the government thinks. This combination of opinions may be more efficient for economic scarcity. The government and the people make important decision in the use of materials and labor. This type of economy is used in almost every nation. This economy believe the balance is what causes the best output of products while conserving and balancing resources. A command economy is the exact opposite of capitalism. The command economy uses the go ....