o Most planned economies offers things such as free healthcare, which greatly helps the people of that economy. 20%) 4. If you were leading a country, how would you handle it? What approach would you choose? It if depends, please provide details. Please provide a convincing justification for your recommendation. Maximum: 400 words (fewer is better). Bullet-list format for key points preferred, if applicable. If I were in charge of leading the country, I would most likely handle it as the United States is in its current state. I would maintain a representative democracy which allows the citizens to elect their leaders and representatives who create the laws. I like the idea of a free market economy, but I am not sure if a pure free market even exists or if it would even work. I am not also too fond of planned economies, but they do have their strengths. China has a green imitative included in their planned economy, which is something I would like to incorporate, but it is not sustainable in a free market. With that being said, I would choose to do a mixed economy. I would try to include many of the freedoms that are associated with the free market, as well as the long-term planning of a planned economy. Overall, I feel like freedom of choice is necessary and a good thing for the economy, but we need to be able ensure it will be able to remain stable and have a future mindset.
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- Fall '08
- Economic system, Planned economy, free market economy