Mark Cuthbertson | Law & Economics

Welcome to Councilman Mark Cuthbertson's Economics Site

Month: September 2017

The Four Economic Systems: Market Economics

  There are four main types of economic systems in the world: Traditional, command, market, and mixed.  Each one of these offers its own unique set of pros and cons, sub-economies and tendencies, and plenty more. Earlier, I took a look at traditional economics, but here I’ll be discussing yet another: market economics.   Market […]

The four economic systems: traditional economics

Most successful, thriving societies hinge on the presence of a functional economic system. Economics allow these societies to study and manage various social and financial variables, ultimately resulting in a better understanding of their overall productivity and stability. Here, I take a look at one of the four main economic systems: traditional economics. Traditional economics […]

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