Types of economic systems

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: 1. Distinguish between the three types of economic systems: Free market system, Command economies and Mixed Economies 2. Discuss the advantages and disadvantages of each of the economic system. You must provide: 1. Specific examples of countries that have transited from centrally planned economy to a more market driven economy Follow this structure: Part1- Define key terms(3 market systems) Part2- Advantages of free market system(3 points plus examples of countries) Part3- Disadvantages of free market/ advantages of command economy( 3 points plus examples of countries) part4- Conclusion Place your order now for a similar paper and have exceptional work written by our team of experts to guarantee you A Results Why Choose US 6+ years experience on custom writing 80% Return Client Urgent 2 Hrs Delivery Your Privacy Guaranteed Unlimited Free Revisions