Final Exam

SelenaV

 Social Studies 8P6

Language Art 8P8

Economy expository essay

Do you think having freedom to do whatever you want with your own money is the best? You’re wrong! There are four types of economy in the world: Market, Command, Mixed and Traditional. However, a market economy negatively affects its citizen by creates greed and overused.

        The citizens of market economy society have more chances in gain their wealth, but it also creates greedy society. The citizens in a country that have well development in Market economy like the United State earn $46,326 billion in average per year. Being able to earn more isn’t that hard, as hard as you work, it all depends. Valuable-what is that supposed to mean? That’s what people call limited resources, things which many people want to have. Yes, valuable resources-it can be as simple as a nice painting from a famous artist that people take an auction on, or as large as a giant goldmine that countries fought for years to have it. In “How much land does a man need?” The peasant keep wanting more land, he want as much land as possible, want all the land that he could see and keep it all to himself. Since greed grew bigger in him, it naturally became part of himself and he has absolutely no control over. It haunted him, exhausted him to dead.

                Greed leads to the desire of properties. These desires are mostly granted in a market economy. In order to granted these greedy wishes from citizens, companies and factories have been working it out in a way that makes the environmental society goes worst.

        Based on the principles of supply and demand, companies can sell, factories can produce, can burn as much fossil fuel as the consumers wanted. In 2009, the scientists estimate that Apple was responsible for 9.6 million metric tons of greenhouse gas emissions. That was the result of people deciding what they want to buy. Once anything is produce, people with a well develop of economy wouldn’t be bothered by the price of the products and when they decided to go for it, it creates a huge footprint on the ecosystem. Companies using animals’ fur to produce clothes which lead to big changes on animals’ foods web and also with the support from media advertising, companies can entice more consumers in order to make them buy more stuff.

        China is now became the twelve over twenty top polluted countries in the world. This environment problem started since the 1998, right after the death of Den Xiaoping - a leader who changed China’s economy from a command to a market economy. He allows individuals to make their own choices, to earn resources. Made China became one of the countries that having the highest GDP in the world.

        This is another serious problem about social classes in market economies. The poor would always stay being the poor. Most of the middle classes individual society has to work hard for almost their entire life for getting a higher standard of living. There are two types of rich: the first one is that they was born to be rich, the second one are the people from the middle class who worked hard. The poor cannot be able to afford important things to make them succeed like education, because they also have to eat. The rich gets to set prices of products that they produce in a market economy. As long as they set it high, the poor cannot save money while surviving. That is unfair and that is how market economy works. Human greed is endless; it makes many people do selfish things. Again – China, is having the second richest man on Earth and it’s going to become the world’s most powerful country. But still, sixty percent of the Chinese is still living on by agriculture - still being the lowest class with the lowest incomes in the Chinese society. Market economy is creating a huge far away gaps between the poor and the rich.

Without the government, economy of the country would increase so that people has too much freedom in decided what they want. They will not considering the environmental problem before buying anything. Greed blur people’s eyes, it stop people from making right decisions. The more they have, the more they want, as long as these consumers be able to afford it. In order to stop these problems from happening, human-being should have a balanced economy that stay somewhere between Market and Command with rules from the government that guided the poor to be succeed and stop the rich from being greedy. For example, governments can started a new taxes system based on individual incomes. Therefore, the poor still be able to survive and saving money, the rich only be able to afford their needs and not be able to have more than they would ever wanted.