Analysis Of Nine Week's Poem: Nine Weeks

Nine Weeks Poem-Economy

Traditional economy is controlled by customs and tradition
An example is the Inuit society of Canada, in addition
Many developing countries are in this position.

Market economy is based of free enterprise
Individuals can decide their own lives
One example is the United States
Where business can manage their own rates (of production).

The government controls command economy
One type of Command economy is socialism
The government makes most decisions and advises private industry
Another type is communism
The government makes all decisions about industry

There are four types of economic activity
Primary includes taking or using natural resources such as forestry
Making products from raw materials is known