Identify the three economic systems (Free market economy, command/Planned economy, and Mixed economy)
Three economic systems (Free market economy, command/Planned economy, and Mixed economy)
You have to highlight the advantages and disadvantages of each. Than you have to choose in your opinion which economic system is best. Provide reasons and examples to justify your answers.
-Use correct referencing / citation methods
– contain a bibliography (words used in bibliography should not be included in final word count).
– The first part of the essay should relate to defining and describing the economic systems , using examples to support your answer
– the second part of the essay should focus on the advantages and disadvantages of each economic system, using examples to illustrate support your answer
-the third part of the essay is your judgement and rationale about which economic system is best .