Economics: Difference between revisions
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3. The Market Economic System. | 3. The Market Economic System. | ||
4. The Mixed Economic System. | 4. The Mixed Economic System. | ||
===== Because the Traditional system is not suited for today's complex interactions, and both the Command system and the Market system exist as mostly theories, this Wiki will focus mainly on variations of the Mixed Economic System. ===== | ===== Because the Traditional system is not suited for today's complex interactions, and both the Command system and the Market system exist as mostly theories, this Wiki will focus mainly on variations of the Mixed Economic System. ===== | ||
Revision as of 17:31, 30 December 2017
The economy is: The production, exchange and consumption of socially valued items, both concrete and conceptual. And the social incentives and disincentives that govern these exchanges. This includes but is not limited to; currency, tangible items, services, food, water, housing, ideas, healthcare, real property, stocks, leases, promises of future services, favors, etc.
Next a list of things that might motivate an individual to participate in this exchange:
Basic survival need, perceived social need, pursuit of material reward, fear of punishment, pursuit of non-material reward, religious beliefs, pursuit of friendships or sexual partners.
Next a list of the four basic economic systems.
1. Traditional Economic System.
2. The Command Economic System.
3. The Market Economic System.
4. The Mixed Economic System.
