Socialist / Command: China, North Korea, Government tells workers whether they will work, Government makes all economic decisions, Not allowed to invest in the economy, Businesses are not free to find less costly and less time consuming methods of production, Government encourages certain types of employment and discourages others, Cuba, Workers are paid according to the value of their work in the eyes of the government, rather than according to their ability or skill, Individuals are not motivated to work by the desire for profit, Prices set by the government, Government sets production quota/expectations, Operates according to the "master plan", Mixed / Free Enterprise: Government owns PART of the means of production, SOME private ownership, Also known as capitalism, Competition, Government regulation has become a problem for some businesses, United States, Consumers make economic decisions, Great Britain, Private ownership of property, Incomes are not equal, Some needed products may not be produced because producers are not ensured a profit, Heavy use of advertising, Risk of financial loss,

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