
Today Kelly has been with us, also Paqui has started with the end of the explanation about the socialist economic system.
First she has explained how centrally planned economies worked and his problems
Some of this problems are:
-Production was focused on some industries.
-The minority who made the decisions.
-The system was very rigid and it was very difficult to adapt.
-The development of black market.
When Paqui has finished the explanation of this we have read a mini-cartoon about economy works in a capatitalist system . This cartoon is a joke that play with different meanings of the word demand:
1) I demand
2) Demand
One more thing: the picture is the Gosplan, the office that plannified all the productions of the U.S.S.R. ( Union of Soviet Socialist Republics). It was located in Moscow and decided on the production of all the country.
When the bell rings we were starting another definition: Caveat Emptor.
This is all today.
Image source: http://es.wikipedia.org/wiki/Gospl%C3%A1n










