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Economic Systems

Economic systems were make to help many countries leader make good decisions on natural and scarce resources, On deciding upon these source the leaders use these economic systems to help distribute the scare resources to the people of their own country. The leader that makes the decision on the sources must meet the needs and the wants of the people. Every economic system has their own different way of distributing these sources and it must be able to answer to these three questions what to produce, how to produce, and for whom to produce these things to. All economic systems must be able to answer these 3 basics question. Economic systems that answer those three important questions are communism and mercantilism too.

Stalin the leader of the Soviet Union makes the economic system of communism. In the communism system Stalin makes the government had all control over the economy so the government make all the choices within the economic system. In this economic system he wanted it to produce heavy industry, improve the transportation, and increasing the farming output. He wanted to industrializes Soviet Union he believe he could so by having the government owned all business and allocated financial and other resources.


In an economic system they can either make the country a successful country just like what communism did. Even through it didn't necessary meet the people needs it was able to make Soviet Union an industrialized country. And while mercantilism did meet the people needs by giving their parents country necessary resources. Both of these economic systems were able to answer the three important questions what to produce, how to produce, and whom to produce.

Even through it did meet the production standards it did meet the standard of some people. It did make some people standards especially the middle classes like merchants and Guilds. While the rich had expertise a price revolution because of the mercantilism system. But in production it did responds to the people needs. They give them many useful resources to make canals and to make a boost in the production.

It wasn't that successful because then even if it did meet the people needs it wasn't that great. Productions of a popular item are usually made out of cheap low quality goods. So even if it's a very popular item it was made out of cheap sources making it break easy and it don't last a long time. But on the other side the communism economic system did make Soviet U

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Approximate Word count = 837
Approximate Pages = 3 (250 words per page double spaced)


  

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