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III.
ECONOMIC SYSTEMS
All organized communities mix, in various proportions, market activity and government intervention. Private markets themselves differ widely in the degree of competition under which they operate, all the way from single-firm monopolies to the fierce rivalry among hundreds of retailers. Much the same point applies to government intervention, which ranges from mild and comparatively uncoercive manipulation of tax, credit, contract, and subsidy policies through mandatory controls over wages and prices to the detailed central planning of Communist countries.
Even those societies most completely committed to central planning, however, grudgingly modify official ideology by some concessions to private enterprise. For example, the USSR allowed its farmers, although organized in collective enterprises, to market crops grown on their own small plots. During the Communist period in Poland, most farming was in the hands of individual owners. The former......
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Title: Economy Systems
Approximate Word Count: 1766
Approximate Pages: 8 (250 words per double-spaced page)
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