Evaluating Economic Systems Assignment
Liam Munji
Identify whether or not each system attempts to achieve each goal and briefly support that answer.
Traditional Economy Market Economy Command Economy
Economic Freedom Does not achieve; Does Achieve; Does not achieve;
Consumers are forced to Consumers buy and sell Consumers are forced to
Buy and sell only what is whatever they want Buy what the government
Available to them provides
Economic Security Does Achieve; anyone Does not achieve; Achieves goal:
Can complete a service The market does not The government gives
In order to fulfil a need Protect those who cannot protection to all
For a product Invest in it like those And equal income
Without a job
Economic Equity Does not achieve; equity Achieves goal; Pushes Does not achieve;
Is not fixed and depends For all people to further Education is controlled
On involvement with Themselves through By the government
production Things such as education And if it is deemed
To bring personal success Unnecessary it can be
discarded
Economic Growth Does not achieve; Achieves goal; Does not achieve;
Producers and Producers are focused There is no competition
Consumers on exchange On growing and making So, the market stagnates
For base necessities Profits And is not pushed toward
Not to make a profit growth
Economic Efficiency Does not achieve; Does achieve; Does not achieve;
The flow of commerce The market allows There is a lack of competition
Is only for small tribal For free-flowing supply And the government
And remote areas And demand commerce Decides the production.
Economic Stability Achieves goal; Does not achieve; Does not achieve;
The economy is extremelyDue to supply and The government
Predictable and thus Demand the market Can change the products
stable Can fluctuate greatly And influence the market
At any time
This study source was downloaded by 100000898182462 from CourseHero.com on 05-01-2025 08:42:08 GMT -05:00
https://www.coursehero.com/file/249199167/Evaluating-Economic-Systemsdocx/
Liam Munji
Identify whether or not each system attempts to achieve each goal and briefly support that answer.
Traditional Economy Market Economy Command Economy
Economic Freedom Does not achieve; Does Achieve; Does not achieve;
Consumers are forced to Consumers buy and sell Consumers are forced to
Buy and sell only what is whatever they want Buy what the government
Available to them provides
Economic Security Does Achieve; anyone Does not achieve; Achieves goal:
Can complete a service The market does not The government gives
In order to fulfil a need Protect those who cannot protection to all
For a product Invest in it like those And equal income
Without a job
Economic Equity Does not achieve; equity Achieves goal; Pushes Does not achieve;
Is not fixed and depends For all people to further Education is controlled
On involvement with Themselves through By the government
production Things such as education And if it is deemed
To bring personal success Unnecessary it can be
discarded
Economic Growth Does not achieve; Achieves goal; Does not achieve;
Producers and Producers are focused There is no competition
Consumers on exchange On growing and making So, the market stagnates
For base necessities Profits And is not pushed toward
Not to make a profit growth
Economic Efficiency Does not achieve; Does achieve; Does not achieve;
The flow of commerce The market allows There is a lack of competition
Is only for small tribal For free-flowing supply And the government
And remote areas And demand commerce Decides the production.
Economic Stability Achieves goal; Does not achieve; Does not achieve;
The economy is extremelyDue to supply and The government
Predictable and thus Demand the market Can change the products
stable Can fluctuate greatly And influence the market
At any time
This study source was downloaded by 100000898182462 from CourseHero.com on 05-01-2025 08:42:08 GMT -05:00
https://www.coursehero.com/file/249199167/Evaluating-Economic-Systemsdocx/
