Vectors and 3D Models
Local Search - Economics
Weather Information
Get the App for Smartphones and Tablets

Go Back

WhmSoft Free Articles Directory
Free Articles for Reprint
Free Articles to Publish
Free Articles for Newsletters
Videos to Watch

Page Generation Date and Time:
10/02/2023 02:21:20

Free the Animation VR / AR
Play to reveal 3D images and 3D models!
Demonstration A-Frame / Multiplayer
Android app on Google Play
vlrPhone / vlrFilter / vlrMemos
Project of very low consumption, radiation and bitrate softphones / Multifunction Audio Filter with Remote Control / App to measure the quality of the voice!

Alexa Data

Go To Articles Directory Home Page

To get the current article, - See Below (at the bottom of the page) -.
For top news titles, see below.
Web sites and videos listed in this page are frequently updated.
If you find that this page is useful (quality of web sites, images and videos, ...), you can add it to your favorites.
Bookmark Page !

Tell a Friend:

With your mobile phone (WAP / I-Mode / iPhone / PDA), for free:
The Top News -
The Daily Files -
All the Directory Files -

Web version of feeds:
Podcast Music -
Daily Files -

You can play the Guitar Drum Revolution game (flash game) by following the link below:
Play Guitar Drum Revolution Game

You can play free online games (flash games) by following the link below:
Free Online Games

Play the samples below:
A TableBubble Bobble 2Mega Man RpgLa Maison D AlixFlower Quest
A TableBubble Bobble 2Mega Man RpgLa Maison D AlixFlower Quest

You can view the people (celebrities) news and the front page news (with videos, images and constant updates) by following the link below:
View Recent News
or by visiting the WhmSoft Service blog:
News Photos Slideshows

Article Keyword Videos to Watch
Click on the image to start the video.

Related Topics
Images - Links - Articles


Related Images

Article Category Videos to Watch
Go to the Videos Pages

The Kinds of Economic System

Economic activity involves making choices about how scarcs resources are to be used. There are many different ways such choices may be made. These different methods from the basis of the different kinds of economic systems. The three most important systems are known as the "market economy", the "command economy" and the "mixed economy".

The Market Economy

A market economy is one in which decisions about what is produced, how it is produced and who consumes it are left entirely to individual producers and customers. This system works through the operation of markets. Markets determine the prices of things, and prices influence all production and consumption decision. Studying exactly how such a system would work is one of the major tasks of the economic analysis.

The Command Economy

A command economy is one in which all production and consumption decisions are made by the authorities. This usually means that they are made by the government. This does not imply that there must be a communist system on the lines that the Soviet Union has been run. Whenever you have government intervention in a market you have elements of a command economy. You don't necessairly have a communist system.

The Mixed Economy

These two systems, the market and the command economy, are really extreme cases. In practice no economy is wholly a market or wholly a command system. All real economies combine elements of both. Some decisions are left to the market and some made by, or at least strongly influenced by, the government.
For example, in the United Kingdom something like 1/5 of the output is controlled more or less directly by the government. This includes things like defence, law and order, health, education, roads, railways and so on. A great deal of the rest is influenced by government at least to some extent. Certain things are prohibited, such as the sale of dangerous drugs or the consumption of alcohol by minors. Others are made compulsory, such as the wearing of seat belts or crash helmets. There is a whole host of regulations regarding the use of land and buildings, weights and measures, the roadworthiness of cars, Sunday trading and a great deal more.

Information: The kinds of economic system.

About the Author: The author of the article is a writer in Economics and Politics.

Recommended Web Site(s):

Easy Articles Home Page - Articles Directory

Recommended WhmSoft Web Sites, Feeds and WAP Address:

WhmSoft Software Home Page - Software
WhmSoft Services Login Page - Music and Images
WhmSoft Moblog Home Page - Blog - Photo Gallery
WhmSoft Free Online Games Home Page - Flash Games
WhmSoft Services RSS Feed - Daily Music, Image and 3D Flash Animation
Classical Music with Drum RSS Feed - MIDI and MP3 Files
Classical Music with Drum Podcast Feed - MP3 and MP3 Files
WAP / I-Mode / PDAs - Daily Music, Image and Flash Animation

Home Pages:

WhmSoft Free Articles for Reprint Home Page
WhmSoft Services Home Page - Music and Images
Copyright (C) 2006-2023 WhmSoft - All Rights Reserved.