Tuesday, April 16, 2019
The Planned Economy VS. The Free
The plotted Economy VS. The Free Market Economy EssayThe Planned Economy which is the economy that the political science organises is very different from the Free Market Economy where the private field is in charge and owns firms etcThe planned economy is break off in the sense that people are slight stressed due to non having to worry about their next meal or other, due to the government supplying their basic needs like housing, medical care, food, clothes, education, a job, so nobody is unemployed insofar all get paid the same amount more or less. People are not paid very much, maybe 3 dollars per month, but it is all that is postulate, countries like Cuba get most of their countries coin from tourism, and still have fairly good public education, a good transport system and it is verbalise that they have excellent medical care, and people in Cuba get all medical care needed for free including operations and medicine.Meanwhile in the free market economy their are very brusk people in the lower classes that have absolutely no food and could starve to death, and the very generous that are to involved in themselves that they do not care about others.but it is also cave in because their is freedom of expression. You also get paid according to how hard you try and the effort you put into things. Their is a better allocation of resources because each business or firm tries to allocate resources in a better way due to competition, trying to produce either more at a better prize for a lower price or just trying to be better than somebody else, and exchange your better quality goods. This is good because their is a variety of choices and better quality good than their would be in a planned economy because in a planned economy everything is the same for everybody.I weigh that the better economy is the Free Market Economy is more challenging.