Economies

Economies

Tune: This Old Man

Ha! Ha! Ha! Some countries
Have traditional economies.
And they produce, oh yes, they do,
The way tradition tells them to.

Ha! Ha! Ha! Some countries
Have command economies.
And they produce, oh yes, they do,
The way their leaders tell them to.

Ha! Ha! Ha! Some countries
Have market economies.
And they produce, oh yes, they do,
The way the market tells them to.

Ha! Ha! Ha! Most countries
Really have mixed economies.
And they produce, oh yes, they do,
The way that many things tell them to.

Used with permission. From Adventures in Economics and U. S. History Econ Fun, LLC, Richmond, VA – page 27 Vol. 1 (by Martha Hopkins and Suzanne Gallagher)