Recently in economics, we have been striving towards achieving a better understanding of the different kinds of economic systems and how decisions are made. Some examples of the differnet variations of economic systems out there are:command, market, mixed, and traditional.
AssignmentAn assignment that I thought gave me a broad understanding of our learning topic was an group activity we did in class where we assumed the position of a certain type of economy and made choices. The command economy was the economic system that my group was assigned to. This assignment allowed me to see through the perspective of a economic system so I excelled a better understanding on the subject.