The market system in the US is a great system. Our economy has notmbeen very good for the past 4 years but hopfully it will bounce back soon. The things that i can relate to this market economy is "major strength of the market economy it is high degree of individual freedom. So in other words, when you have a market economy people can produce whatever they want to, as lojng as they think it will be successfull. I have been in this busness marketing a product called verve and so i can relate to how the market economy works.
A disadvantage of having a command economy is that it is not made to meet all of the wants of the consumers even though many basic needs are provided. So not all of the peoples needs are met with a command economy and that is a bad thing because if they sell a certain amount of shoes in one size then the other sizes will run out much faster and there will only be a certain amount of shoes left that may not fit all of the peoples wants and needs. this is bad because the people will want to leave and go to a different country to get exactly what they want and so they can go into a market economy and buy and sell anything they want. A question i have with a command economy is how many command economies are there in this world and how profitable are they?
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