Discuss the extent to which a country moving from a centrally planned economy to a more market driven economy is in the interest of both consumers and producers

Students should be able to: “ Distinguish between the three types of economic systems: Free market system, Command economies and Mixed economies “ Discuss the advantages and disadvantages of each of the economic systems. You must provide: “ Specific examples of countries that have transited from centrally planned economy to a more market driven economy. Structure: Part 1 “ Define key terms (3 market systems) Part 2 “ Advantages of free market system (3 points plus examples of countries) Part 3 “ Disadvantages of free market/ Advantages of command economy (3 points plus examples of countries) Part 4 “ Conclusion You must: “ Reference your work including websites/journals/textbooks of work used (this does not count towards 1000 word limit) Click Order now to have a similar paper completed for you by our team of Experts.