Question

Write a short story including a traditional and command market. It doesn’t have to be long.

Answer 1

Jeff lives in a third-world country (Mexico). He is under a traditional economy. He likes to keep it simple, he doesn't get as much profit or surplus as he would in a different type of economy. However, Jeff is very socially satisfied and has a pronounced role in the economy. But, the other day he broke his leg and wasn't able to access doctors through technology, or even have access to Western Medicine. On the other hand, Jenna lives in North Korea. There the government controls everything like resouces, the factories, and equipment. Jenna almost never experiences enemployment as the government provides a steady flow of them. But, this whole process sometimes causes protests in her country, which the government then has to control. Both economies have advantages and disadvantages, Jeff and Jenna are pen pals.