Economic systems - Free market, command/control & mixed.

In this video we compare the different methods of allocating resources within an economy. Some economies, like Cuba or North Korea could be seen as more centrally planned, or command economies, whereas others, like the United States or Singapore, operate with more free markets. We discuss the advantages and disadvantages of each of these approaches.
#aleveleconomics #ibeconomics #ocreconomics #edexceleconomics #economicsrevision #freemarket #command

[jasonoubadminton]

thanks so much