A mixed economy is a collaboration of socialist and market economies. For the most part the people decide what is produced and how to produce it. But, the government also oversees certain aspects of these products and only allows certain companies to make that particular product, and oversee who can and can't buy it.
A communist, or command economy as they are often called, is completely governmentally owned and operated. Most if not all businesses are owned by the government and only extremely small businesses are privately owned. The people have no say in what is produced.
NATURAL RESOURCES:
- Oil
- Natural gas
- Water
- Coal/ Minerals
- Trees/ Lumber
- Wild game
- Agriculture
- Land
- Solar energy
- Wind
- People
No comments:
Post a Comment