I’d like to discuss the economic aspect of communism: particularly that of a “managed” economy. A managed economy uses various models to determine how much of what should be produced, and how much it should cost. In free-enterprise economies, many “player” markets are used to determine prices and how much of what to produce.
Free Marketing Economy
Government imposes few or no restrictions and regulations on buyers and sellers
Most basic, a free market economy is one that is governed strictly by the forces of supply and demand
FREE market is an idealized system in which the prices for goods and services are determined by the open market and by consumers. In a free market the laws and forces of supply and demand are freefrom any intervention by a government, by a price-setting monopoly, or by other authority
No comments:
Post a Comment