The economic system that is strictly based on command economy is the communism. This economic system is one where the government is the one that decides everything. How much is produced, what is produced, when it is produced, it is all planned by the government. The private sector doesn't exist, and everyone in this type of economic system is treated equal and has same income.
The economic system that is based on market economy is the capitalism. This economic system is one where everything is owned by the private sector, whit the government not interfering in the businesses. The private businesses are able to decide what, when , and how much to produce, and their only ''judge'' are the consumers.
Poverty
Poverty and joblessness are key problems for many of the Native American groups across the United States, and New Mexico is no exception. According the the US Census Bureau, 27% of all Native Americans live in poverty. In reporting done in 2012 in New Mexico, 40% of all Native American children (under age 18) in the state were living in households below the poverty level defined by the federal government. 22% of all Native American children in New Mexico were shown to be living in households where the parent(s) were without employment.
