chose from the ppt I uploaded
Instructions
Please include:Quotations from your sourcesCitations (in either MLA format, either as footnotes, end notes, or in-text)Clear topic sentencesParagraphs that clearly explain your reasoning and argumentschose a topic from the ppt and write a 2 pages essay
Answer
Ideal Political EconomiesThe interaction between economic and political principles has necessitated the need to analyze the impact that ideal political economies would have on the societies. For something to be considered as ideal, the basic assumption is that it exists in its pure form. As far as political economy is concerned, the basic types of ideal political economies are the command economy and the market economy. The distinction between these two economies is based on the level of government involvement in the economic sector, who owns the factors of production and what or who influences he market forces of demand and supply. Market economy is one which is characterized by private ownership of the means of production, goods and services. In this economy, the government has little o...
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