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what is economics system ?
what are the types of economics system ?
explain each type of them by giving examples of nations that are close to each type.
( this paragraph about 300 word
main body: give detailed explanation of what is free market economy ?
discuss the main features of free market economy.
compare free market economy and mixed economics system by analyzing the difference between them.
evaluate the free market system by assessing the extent to which the free market economics is more effective than mixed economy.
to evaluate free market you may discuss the following and compare with mixed economics :
1- choices
2- quality and innovation
3- risk
4- economics growth
5- standard of living
6- distribution of income and wealth
( this paraghraph about 500 words )
conclusion: summarise why you agree or disagree with the statement that free market economy is more effective than mixed economy. give
a logical conclusion and opinion and recommend alternative economics system that you believe is the most effective one.
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