Free Market Economy vs. Command Economy Mr. Reiter Columbus Institute for Math & Science Global History IV TIPS PowerPoint Project Topic: Economics of.

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Free Market Economy vs. Command Economy Mr. Reiter Columbus Institute for Math & Science Global History IV TIPS PowerPoint Project Topic: Economics of the Cold War: Free Market vs. Command Economy

Aim: How did economic competition between the U.S. and the Soviets enable the U.S. to win the Cold War? If you went shopping, which picture would you prefer to see? What is the difference?

Free Market Economy A free market economy is an economy where the market is free to operate based on peoples wants and needs. In a free market, the economy is driven by a government that practices a laissez-faire, rather than controlling its economic policy. The forces that rule the marketplace are: Supply, Demand, and Competition. The U.S. has a free-market economy.

Free market Economy