Which ECONOMICAL system would you choose for a country??????? AND WHY???

Question

Please answer- the choices are: Barter system, central planning system or market oriented system. Please state which one and why.

Answer 1

All the system has its own good and evils.

We cannot have a barter system now because we get so many things from so many places people might not want what we have to offer so we need money to barter with. So that is out of the question even though that system looks like lot fun.

Central planning system makes people lazy (everyone will get paid no matter they do the job or not and no encouragement to do better) and creates scarcity of products.

Market oriented will make rich people richer and poor poorer.


There should be a system where the economy is mostly market oriented with government having a certain level of control over the market economy to intervene when things goes out of hand.

US has one such model but western European style is real cool.

I hope this helped.

Answer 2

Where is the country in it's economic cycle?

A private island that I acquire, barter would be great. then I could keep socialization small.

Larger countries that are "Emerging" do well in Central Planning so they can invest into their own countries through judicial, military, executive, and transportaion/ communications.

Developed Monopoly countries can only tweek stuff with the Market Oriented system.

Answer 3

Market - I prefer liberty and politicians minding the own business.
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