Thursday, September 5, 2013

This past week in Economics, we finished learning about the Production Possibilities Curve (PPC) and took a test on the PPC, the basics of Economics and the Factors of production. After the test, we started our next unit, with the types of Economy. Traditional, Command, and Market. I found it very interesting to see the huge differences between the types of Economies, and I find the Command Economy most interesting, because it is far more strict than what the US has. I am really looking forward to what we're learning in this unit.
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2 comments:

  1. AnonymousSeptember 6, 2013 at 10:14 AM

    I am also looking forward to learning more about the different types of economies. I agree with you that the Command economy seems most interesting. But i think that the market economy is the best economy for countries

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  2. AnonymousSeptember 8, 2013 at 3:42 PM

    I agree that the whole government control idea is interesting but in reality it can have really bad effects if the government is taken over by corrupt leaders

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