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Two kinds of economies are the traditional economy and the market __________. The traditional economy exists
____________ societies where there is no trade. In this economy people do not ____________ money because they do not need it. ___________ market economy exists in societies where people buy and ___________ goods. In the market economy, people need _____________, so that they can buy products.
In the traditional economy, people rely on nature. ___________ hunt and grow only the food they need. On the one hand, this ___________ an advantage. These people have no reason _________ fight because they do not own anything. This means they ___________ peaceful. On the other hand, this is a disadvantage. These ___________ are poor. Furthermore, they cannot protect themselves against natural disasters because they have _____________ technology. This means they often die of hunger and disease.
In the market economy, ____________ and demand control what sells. This is an __________ because producers have to provide customers with the guality and prices they want. However, ___________ need an incentive and this is profit. Firstly, producers compete with each other to sell their product and make a ___________. Secondly, producers use technology in order to spend less on labour. This can be a disadvantage because if people do ____________ work they do not have money to spend on goods. Conseguently. the producer cannot ___________ a profit.
In my opinion, the best system is the merket economy. Unfortunately, as the incentive is profit, governments set_____________ in order to control the economy. This means a true ___________ economy cannot exist.