- What is the economic system in the country you live in? If it is a mixed economy, does it tend to more command or more market? What does the government regulate?
Reference
Thursday 29 May 2014
Quest 2. p. 52, x. D. Discussion, 1.
Hartmann suggests that we discuss the three questions in exercise D. on page 52 in small groups (2007), but I think it might give more varied, and retrievable, ideas if we do some quick response writing. So, what are your responses to question 1:
Hartmann, P. (2007). Quest 2 Reading and Writing (2nd ed.). New York: McGraw-Hill.
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Thailand has mixed economic system, but tends to be more command. The government mostly regulates prices of agricultural goods, trucks ,and instruments. Also dairy products, some primary factorial products, such as Polyethylene, fuels, and medicine.
ReplyDeleteI think the economic system of Thailand is mixed system and be more capitalist than command system because the price of any goods is mostly depend on the demand and supply, but the government has some regulations for doing any activities in economic section.
ReplyDeleteMy country, Thailand, has a mixed economic system which is tends to me more capitalistic. People can own a business and made a decision by themselves but there is certain regulations and price control on Food and Agricultural goods.
ReplyDeleteIn Thailand, the economic system is mixed economic system, but it tends to be more market than command system because the private sector has freedom to sell goods and services, and the price is determined by demand and supply. However, the government can regulates the price of some products, such as rice and oil, and public services.
ReplyDeleteThailand has a mixed economic system tending to be a market because the regulation from the government takes on only necessary conditions. Even though the government regulates some requisite goods such as some kind of food, e.g. instant noodle, or some medicines, people still can make decision for their own business by themselves. For example, people have right to set the price of what they want to sell which do not include in the regulation of government such as cake and trade it.
ReplyDeleteThailand has mixed economic system, but it tend to be more market system. People can decide for themselves, and they have freedom to be buyers or sellers. Although people can own a company, the government also can regulate public utility, such as water supply and electricity.
ReplyDeleteWhen I first thought about it, I also thought, like many comments say, that the economic system in my country was mixed, tending to capitalist.
ReplyDeleteWhen I thought about it more, I wasn't sure.
In my essay, I might support a different main idea about Australia's mixed economy. But I need to think, to get ideas, and to organize a bit more first.
That's OK - I've got till tomorrow to get my ideas clear enough and well-organized enough to write a first draft of my provisional thesis statement.
Reading everyone's comments here has certainly given me something to think about.
DeleteThailand is mixed economic system and tends toward capitalist more than command. People can make their own economic decision except for waterworks and electricity which are regulated and controlled by the government. However, I think government sometimes intervenes in appraisal, for example, the price of rubber.
ReplyDeleteI think Thailand economic system is mix system. In micro system like market where sells sell retail product, the customers can bargain for lower price that might be possible. However, it depend on customer value and experience. Obivously the price also is more expensive that the determined price in macro system. I think the government also regulate the price of goods at menufacture like initial producters --farmers to keep a logical price to help initial root grass classes from other secondary producter-- factory. The government also launch some campiagne for limiting the low price of necessary products like rice, rubber, palm oil.
ReplyDeleteThe economic system in Thailand is a mixed system, and it tends to be more market system. In general, we can make economic decision by ourselves. We can decide what goods or services we want to produce or sell, and the prices are based on demand and supply. However, the government regulates the prices of fuel such as oil, gas , and they also intervene the prices of some agricultural goods by setting ceiling and flooring prices.
ReplyDeleteI think Thailand's economic system is mixed system that tends to be more market than command system because private sectors can manage business by themselves; however, some regulation are made by government such as price of the agricultural things.
ReplyDeleteThailand economic system is mixed system. in my opinion, Thailand economic system is quite free, more capitalism, and the strength of business sector is the most important factor of Thailand's economy. Thai private sector can run business by theirselves with just little intervention by the government, but the government considerably intervenes something such as tariff on import, in order to protect infant industriesas well as sensitive goods, subsidies on agriculture and often support of foreign direct investment, which is launched by BOI.
ReplyDeletei'm not sure that how regulation in Hartmann thought means. in my opinion, regulation is quite different from intervention. for example, singapore is one of the most free economic system in the world; there almost is no intervention, but there still are many intervention. Singapore government have to regulate and enforce the law, as well as eradicate bribery. this is unlike subsidies some sectors or protect sensitive goods like thailand.
Deleteit is easier to say that most countries have to regulate economic system in same area, for example, enforcement the law and eradicate corruption, but the level of intervention very vary, based on the policies style in different countries.
I like it: "there almost is no intervention, but there still are many intervention."
DeleteI think that quote sums up neatly the point that P has in mind. It might also be the same thing that is prompting me to reassess my initial ideas about the Australian economy.
But I still haven't decided on my topic yet: the Australian economy seems a bit general, but maybe it's OK.
The economic system in Thailand is mixed system, tending toward more market than command.
ReplyDeleteThe government regulates categories of goods and services that they don't support by setting high taxes on them, such as high taxes on cigarette and alcohol.
It manages who should produce what by setting minimum salary for bachelor graduates and minimum wages for unqualified labors.
In my country, Thailand, the economic system is a mixed and tends to capitalist. Private sectors can run their business by themselves. But in some goods, government can regulates price ceiling and price control in order to prevent taking advantage from one side.
ReplyDelete