A command economy is regulated by the government. The central government is first in command. Second in charge are the certified planners. They designate prices (if the central govt. doesn't) and put people on the jobs. North Korea and Cuba are 2 places where there are still command economies.
You won't be running people out of business... because it's not capitalist like our country. That's the good thing. The bad part is you can't achieve the American dream. There's limits to how far you can go in your career.
Friday, October 31, 2008
Thursday, October 2, 2008
government bail out
The whole situation the bail out kind of stinks but we don't really have a choice or the economy will fall to the point of no return. Unfortunately we will paying and so will our kids and grandkids. The government is suppose to help us and protect us from bad business so I think they need to regulate and keep a better on on banks and their ceo's so they don't get richer while Americans are suffering.
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