Student Work - Which Economic System Would You Be & How Would It Work?

Actually, more of a mixed economy, right?

The government uses tax revenue to fund education, military, and transportation. Everything else is privatized and open to the free market. This limited government intervention within a free market is characteristic of a mixed economy (making the "free market" a "free enterprise" system).

No social benefits...education, military, and transportation qualify as social benefits, but I am assuming they mean health care, public housing, etc.

Like a centrally planned economy, the government funds the systems it calls its own. However, the rest of the market is totally "laissez faire" (government stays "hands off"). So, VERY limited government involvement. Bunch of conservatives here, it looks like!

Up to members of society whether they want to contribute or not...interesting...you'd have some fans!! The only issue is that if there are some centrally run systems that the government "owns," they will place some tax burden on every citizen to fund it. That is how government run systems get the money for their upkeep and operation.

Apart from a few government provided services, the only real right of government in the market is to enforce contracts. That would be a simple Constitution!!