Reflection on Project Trade up

Some interesting things I learned about are command economy, mixed economy, and market economy, which helped me understand the types of economic systems. For example, China has a mixed economy system. One thing I found really surprising market economy has its downside, which made me think the mixed economy system might be a better system. For example, China has a mixed economy system. Its economic growth and development of infrastructures such as subway, railway, roads, and parks are building so much faster than other countries.

Before this project I used to think the market economy is the best system, now I think it has its disadvantages. For example, it takes a much longer time for the market economy to build a road because it takes longer to gather the fund.

Looking back on this Projector Economy, I realize that the most important thing is understanding how the economy works. However, a big question I still have is how could we change the economic system in third world countries so they can have a better life.

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