Which of the three economic systems (market, planned, and mixed) do you believe address the issue of scarcity the best? Give two examples of why this system is superior to the other choices.

Rareness is a fundamental issue that all individuals and countries must face. Since everyone is confronted with some restrictions, we must either make a choice where everyone limits or allow us to do something on our own.

Economists generally believe in traditional, traditional, command, market and mixed economic systems

Traditional economic systems are shaped by tradition. The work people do, the goods they offer, services, how they exchange resources ... all tend to follow patterns. The rarity is formed by long-term new demands of people, and traditional institutions do not develop as requested by us, so traditional institutions do not help to solve the problem of rarity.

In the planned economy, the government controls the economy. The state determines how to use and allocate resources. The government regulates prices and wages; it can even determine the type of personal work

Socialism is a typical example of a planned economy. Since socialism contradicts the basic principles of human behavior, it does not function. Socialist failure in all countries of the world can be traced back to serious defects. It is a system that ignores incentives.

The market economy allows all economic decisions to be made by individuals. Unlimited interaction between individuals and companies in the market determines the occurrence of all goods and resources. The individual chooses an investment method for personal resources and the individual decides what to consume. Purely in the market economy, the government has no economic problems at all.

The hybrid economy combines the elements of the market and economics of command. Many economic decisions are made by market individuals. However, the government also plays a part in resource allocation and distribution.

Looking at the shortfall at the macro level, the government can play a role in the allocation and distribution of resources, and since individuals have a certain level of control, they remain happy, so the best economic system is mixed I will. The only problem is the eternal question of what kind of right combination should be taken between the public sector and the private sector.

There is no need to look at the micro level. There are few countries that are small enough to think at this level.

Making an economic choice is another way to solve the shortage problem. Different ways in which countries make economic choices differ, various economic systems are born. Every country must deal with resource shortages and all countries must allocate limited resources to meet their citizens' needs. When the country allocates resources, they make choices to reflect their basic human values. Economic systems can be divided into three types: traditional systems, market systems, and command systems. Traditional economic systems are based on traditional customs of self-sufficiency agriculture, fishery, hunting and gathering (or a combination of these), and you can use barter as a means of goods exchanges. In the traditional economy, the economic role of a person may be the same as the economic role of his parents and grandparents. Economic decisions including production may be based on tradition; households may produce what they need and may use overproduction for trade

Traditional economic systems are shaped by tradition. The work people do, the goods they offer, services, how they exchange resources ... all tend to follow patterns. The rarity is formed by long-term new demands of people, and traditional institutions do not develop as requested by us, so traditional institutions do not help to solve the problem of rarity. The market economy allows all economic decisions to be made by individuals. Unlimited interaction between individuals and companies in the market determines the occurrence of all goods and resources. The individual chooses an investment method for personal resources and the individual decides what to consume. Purely in the market economy, the government has no economic problems at all.

Do you think that you can best solve the shortage problem out of the three economic systems (market, plan, and mix)? Please give two examples to illustrate why this system is better than the other options.