1. By: Eddie Ferdon, Jada VanDunk, Jason Paragallo, Breanna Decker
Command economy

2. Identify the Islands Resources
Trees
Fish
Coconuts
Wild Animals
Salt Walter that can be boiled.
Wood
Palm tree leaves

3. The Advantages and Disadvantages of Command Economy
Most problems are solved efficiently, and fast.
It is efficient because there is no wasting; all good are only given when needed.
Command economies can almost completely rule out corporate espionage.
The Government decides what will be produced, and how much things will cost.
They have a knowledge problem due to the central planners capability to decide how much should be produced.
There are few decisions made by individuals.

4. Countries that use Command Economy
North Korea
Cuba
Former Soviet Union (U.S.S.R)
China

5. The 3 Basic Economic Questions
Government decides on what to produce based on the basic needs of the people.
The goods will be produced based on what the country has resource wise and importing and exporting other goods to supply the people with their basic needs.
In the command economy wants are not met only the basic needs of the people are met.