Pure Capitalism, Market Socialism, and Command Economy Systems There are many different types of economic systems including pure capitalism, market socialism, and command economy. Each economic system tries to deal with economic scarcity in its own way and each have there own economic theories. To deal with scarcity they have set theories and facts and experiments and through time we have learned the way each deal with scarcity. Pure capitalism uses complete private ownership to promote competition in the economy. This promotes better production through competition and limits the consumption of the scarce resources through conservation. It makes the economic power widely dispersed and production is maximized. The government role in the economy is little to none and they use a policy of “l....

Number Of Pages: 2

Number Of Words: 547

Got a term paper due soon and need some help quick? You have come to the right place. Essay Galaxy has over 50,000 essays, papers, and reports available for download right now! Get ideas from thousands students just like you to help make that essay perfect. Don't hesitate. Join today and get instant access to our enormous database.

Membership Options Price Savings   1 month subscription    $19.95 recurring * 3 months subscription    $39.95 recurring $19.90 6 months subscription    $69.95 non-recurring $49.75