AshleyV27402 AshleyV27402
  • 18-08-2017
  • Business
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HOW MIGHT ECONOMIC ACTIVITIES WITHIN A FAMILY REPRESENT ASPECTS OF TRADITIONAL, COMMAND, AND MARKET ECONOMIES?

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Kalahira
Kalahira Kalahira
  • 25-08-2017
A traditional economy is run by customs and traditions, young family members working in the family fields to earn their keep. A command economy is one where the most valuable assets are controlled by the state, the parents keep the check book and control of credit cards. In a market economy resources are allocated based on needs of the consumers, kids setting up a lemonade stand.
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