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Island of Mocha EssayThe Island of Mocha in the video is an utilisation of a traditional stinting body evolving into a market system. every(prenominal) person plays a key role in this traditional system. They had fisherman, coco collector, melon seller, lumberman, barber, doctor, preacher, brownies seller, and a chief. The Mochans got sick of trading goods completely across the island unspoilt to work over the things that they want or needed. The Chief decided that they would use dollar bill shell for currency instead of trading.The first type of economical system that they movie shows is a traditional system. A traditional economy is an economic system in which the allocation of scarce resources and other economic act is the result of ritual habit or customs. In other wrangle a traditional economy is a barter or treat system, everybody decides WHAT WHEN and FOR WHOM. When the video first bounds the Mochans had to trade all over the island to acquire what needed. later o n a while they had enough of trading the chief decided to shimmy to currency instead of trade.The economic system that they switched to is called a market economic system. A market economy is an economic system in which supply, demand, and the charge system help people make decisions and allocate resources. So with a market economy you decide WHAT WHEN and FOR WHOM. In the movie Pablo the lumberman starts up a company and sells stock to allow him to be able to get all of the supplies needed. Big Daddy had triplets and need lumber to make the glasshouse bigger, since they switched to a market economy he had no money because the islanders would progress the chief a portion of what they had. So Big Daddy had to start a tax in pitch to pay for the expansion of the nursery. Since all the businesses were all doing so well every business wanted to open so the demand for lumber was great which caused a lumber shortage, the lose of resources the price when up which cause ostentation all over the island.With inflation going on Big Daddy had to do something in order to stop it. The island of Mocha was going in to a recession so Big Daddy took control and put a price choke up on everything. Now the economic system turned into a ensure economy. A command economy is an economic system characterized by a central authority that makes most of the major economic decisions.