economic system

Every morning you wake up and thing of what is going to happen today ? what are you going to do ? Economis is a big suspect in life . Economin means relating to the production, development, and management of material wealth, as of a country, household, or business enterprise. There many opportunity of cost . Opportunity cost is the cost we pay when we give up something to get something else. Some examples of apportunity cost is if you want to buy a present for some one it could be for your parents . cousin . or boyfreinds or even grilfreinds . you want to but something nice so what you do is go look for something nice that they weil apprechiate . This may cosy you . this is an example of oppertunity of cost . One example frommy own life is that if i want to travel out in the world . i will have to work in order to get the money . no work no money . but the consequence i that you work and will get the money and as soon as you got the money you could spend what ever you want . another examples wil be if you want to buy a house . you will have to work hard .

type of economic system

FOUR MAJOR ECONOMIC SYSTEM

Traditional Economies

• Traditional economies are found in non-developed countries
• Some parts of Asia, Africa, South America and the Middle East have traditional economies
• Customs govern the economic decisions that are made
• Technology is not used in traditional economies
• Farming, hunting and gathering are done the same way as the generaTION
  
• Economic activities are usually centered toward the family
  
• Men and women are given different economic roles and tasks

Market Economic





it an economy where in the consumers determine the value of things by how much or how little they purshase something . if an items doesn't sell much. The value of its stock drop and production is reduced . If something is in high demand then the price of the items aolng with the value of the stock in the producing firm rises . this allow the frim to build additional plants to make more of the high demand items until a point of equilbrim is reached

Centrally Planned (Command) Economy

-Centrally Planned Economy is an economic system in which the state or government controls the factors of production and makes all decisions about their use and about the distribution of income.
Mixed Economy

-Mixed Economy is an economy that has a mix of economic systems. It is usually defined as an economy that contains both private-owned andstate-owned enterprises or that combines elements of capitalism and socialism, or a mix of market economy andcommand economy.

Stock Market Game

My stragety for this game is to accumulate the most money possible and be in the first place and beat Mr. MoloneyI will buy some stock from recognized companies and others stocks from ones that are not that well known but that make a lot of money!!!
With the 50,ooo that I start with, I will try to rise it to the most, which is pretty hard because the game only takes a few months and I will have to be very precise to buy from the right companies.