CategoryCurrency, Money, and Monetary Issues

Should the United States Adopt an Authoritarian Capitalist Economic Model?

economic systems defined

Types of Economic Systems There are several types of economic systems. Most traditional economists recognize four basic types of economic models: Traditional – The basic model, often seen in undeveloped countries. Little government control over the economy. Simple goods and services freely exchanged, often with bartering. System greatly influenced by tradition, beliefs and possibly religious teachings.  Command – Governmental control of all or most economic decisions. Examples include the former U.S.S.R. and North Korea. Market – A true Adam Smith […]

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