Fundamental Principles of Economies

Will the consumer or government own the products produced? Will the goods be produced in a factory? Will the producer receive the full profit from making the products?

The answers to these questions for each country depend on what type of economic system is in place. Depending on what country you live in, the answers to these questions could be very different. Hopefully, you now have a better understanding of why some countries and people make the decisions that they do based on their economic structure.