Download Economic Models Matrix Relationship with Land Relationship with

Economic Models Matrix
Relationship
Relationship
Relationship
Real-World
with Land
with Labor
with Capital
Example(s)
or
Remnant(s)
Custom Economy
 Africa’s land
 Structured
property is
services
South Africa
town in Cape
invaluable.
keep on to
is derived
Town,
 It supplies
decreasing
from the
indigence
commodities
and struggle
abounding
and
and expertise
continue
natural
separation
 There is
reserves and
are the
internationall
racial
is known as
renowned
y.
discriminatio
the world’s
remnant of
n even in the
biggest
the previous
significant
distribution
manufacture
South
element in
of Africa’s
r and
African
motivating
resources
distributor of
dogma of
platinum.
discriminati
locally and
 It is a
the quality of
 In pre-
 The wealth in  A slum
on
raw materials
colonial,
 South Africa
by natural
there is a
ranked 17th
www.globalpolitician.com
resources and
clear
in the world
baby sitting
www.eoearth.org
human made
distinction of
due to its
and
merchandise.
work
state –of-the-
household
between
art economic
labor
gender and
structure
different age
with a huge
care of the
group.
and
animal
Females,
operational
raising,
regardless of
trading.
performed
www.state.gov
 Farming,
 Male take
age, do most
the hard
of the land
labor in
cultivation,
farming, and
whereas male
handle local
young and
government
old take care
al affairs.
of the animal
 Several
raising.
males are
working in
far places,
leaving their
children in
the care of
their wives.
The females
also move to
other places
to work
when males
cannot
provide
adequate
financial
support to
the family.
Free-Market Economy
 The estate
 The
 People have

The United
(Capitalism)
is privately
principle of
freedom to
States is one
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maintained,
supply and
procure and
of the
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although
demand of
exhaust funds
countries
some of the
products and
according to
with open
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their needs
market
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managed
the basis of
and demands.
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 Funds kept
affair. The
It is only
or gained is
economic
political
controlled
not controlled
status is
authority.
for the
government.
determined
and
employment.
possessed by
 People can
purpose of
 Market and
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procure and
employees’
productivity
shortage of
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manage the
protection
of privately-
produce,
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services and
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and income
regulations
firms are
the needs of
generating.
and
driven by
the people.
minimum
sources and
earnings.
demand.
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 The total
number of
real estate
 Supply and
 Banks are
by the
 Even if the
resources
are
that an
demand
managed and
governed by
individual
direct the
run by
only a few in
can possess
requirement
private
the society
is not
s
companies
but it is
restricted
employment.
although they
allocated
 People can
regulated by
over the
apply and
the national
nation and
serve in the
laws.
outside the
and
regulated.
 Real estate
can be
place and
boundaries
traded at
the
of it with no
market rate.
corporation
government
Its rate
of their
depends the
choice
general use,
independent
the site and
ly.
rarity.
Socialism
 . The estate
 Socialist

Resource

Currentl
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is the main
presumed
s are believed
y in
Bchecked/topic/551569/soci
source of all
that
to be the
Houston,
alism
manufacturi
everything
outcome of
work is
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ng process
comes from
traditionally
really hard
s/pdfviewer/pdfviewer?sid=4
and the rest
the
controlled
to find due
of the
collaborative
collective
to less job
sources
effort so the
dealings of
offering.
come from
outcomes of
work, assets
When this
estates such
production
are not
matter will
as personal
should be
ordinarily
be fixed,
assets,
allotted by
thought as a
there will be
woods, and
everybody.
resource,
additional
other
private or
job that will
produce.
shared, but it
generate
relates to
additional
community
resources
affairs.
and
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utilization of
estate.
Command Economy

(Communism)
http://www.isil.org/resources
/lit/labor-theory-val.html
http://www.rep.routledge.co
m.ezproxy.apollolibrary.com/
article/E083SECT4?ssid=
633451424&n=13#

Although

Karl

Communi

Stalin’s
the land is
Marx’s
sm does not
Russia is an
possessed by
concept
take into
illustration
the
emphasized
account the
of
government
the
individual
tremendou
but it is
importance
resource.
s
considered as
of effort
The product
communisti
possession of
exerted to
is the “fruit
c law,
the citizen of
produce
of labor” in
where
the state.
goods and
communist
workers
services. He
culture. All
lived and
presumed
produce is
moved to
The state
government

distributes
that the
shared by
the place
the land
income
everybody.
where the
utilization to
derived from
each person
uncontrolled
s and needs
of goods
legally.
business is
depend on
and
useless
the produce
services are
n of land
because the
of the
made.
depends on
proprietor
laborers.
the intention
did not exert
at no cost.
effort to
Utilizatio


produce
articles and
services.

In the
previous
communist
nation,
individual
enterprise
was
eliminated
and labor is
regulated by
estate.
production
Resource

Stalin
also
Money is
distributed
allocated
according
estate and
the effort
allotted
exerted for
dwellings
the entire
to the
group.
Russian

community.
Money is
utilized to

Russian
trade
funds
products and
depend on
services, not
gold and
for
there is a
individual
utilization
prosperity.
of credit to
sustain
stocks and
to make it
easy to
market.