Pure Capitalism, Market Socialism, And Command Economy Systems



There are many different types of economic systems including pure
capitalism, market socialism, and command economy. Each economic system
tries to deal with economic scarcity in its own way and each have there own
economic theories. To deal with scarcity they have set theories and facts
and experiments and through time we have learned the way each deal with
scarcity.
Pure capitalism uses complete private ownership to promote
competition in the economy. This promotes better production through
competition and limits the consumption of the scarce resources through
conservation. It makes the economic power widely dispersed and production
is maximized. The government role in the economy is ...

Want to read the rest of this paper?
Join Essayworld today to view this entire essay
and over 50,000 other term papers

opinions may be more efficient for economic scarcity. The government and
the people make important decision in the use of materials and labor. This
type of economy is used in almost every nation. This economy believe the
balance is what causes the best output of products while conserving and
balancing resources.
A command economy is the exact opposite of capitalism. The command
economy uses the government to regulate all aspects of business and
economic resources. The government tries to act within what it think and
what the people think and tries to control the economic scarcity. They uses
planning boards to try and maximize potential output of the very scarce
resources. These board plan to include the future and the impact down the
road. Through extremely careful planning economic boards try to come up
with the best solution possible. They will then enact it on the people in
hopes of good overall out come.
Although each system uses its own way to control scarcity. ...

Get instant access to over 50,000 essays.
Write better papers. Get better grades.


Already a member? Login


CITE THIS PAGE:

Pure Capitalism, Market Socialism, And Command Economy Systems. (2006, December 25). Retrieved December 14, 2019, from http://www.essayworld.com/essays/Pure-Capitalism-Market-Socialism-Command-Economy/57636
"Pure Capitalism, Market Socialism, And Command Economy Systems." Essayworld.com. Essayworld.com, 25 Dec. 2006. Web. 14 Dec. 2019. <http://www.essayworld.com/essays/Pure-Capitalism-Market-Socialism-Command-Economy/57636>
"Pure Capitalism, Market Socialism, And Command Economy Systems." Essayworld.com. December 25, 2006. Accessed December 14, 2019. http://www.essayworld.com/essays/Pure-Capitalism-Market-Socialism-Command-Economy/57636.
"Pure Capitalism, Market Socialism, And Command Economy Systems." Essayworld.com. December 25, 2006. Accessed December 14, 2019. http://www.essayworld.com/essays/Pure-Capitalism-Market-Socialism-Command-Economy/57636.
JOIN NOW
Join today and get instant access to this and 50,000+ other essays


PAPER DETAILS
Added: 12/25/2006 12:23:19 AM
Category: Economics
Type: Premium Paper
Words: 526
Pages: 2

Save | Report

SHARE THIS PAPER

SAVED ESSAYS
Save and find your favorite essays easier

SIMILAR ESSAYS
Capitalism vs Socialism
Communism East Europe
Communism East Europe
Family and the Economy
Adam Smith: Conceptions Of Valu...
Charles Darwin
Brick and Mortar Information Sy...
Communism In The Soviet Union A...
The Rise Of Capitalism And Its ...
Capitalism And Communism
Copyright | Cancel | Contact Us

Copyright © 2019 Essayworld. All rights reserved