Order Description
You land on a planet somewhere far away, after your spaceship crash landed there and you inherit half that planet. The other half of the planet is given to another survivor, called Mr. Lucius Lux from the same spaceship. Both halves of the planet have exactly the same amount of land, labour and capital as the other half, the same infrastructure, the same GDP per capita and technology. Everything is the same in both quantity and quality for everything present on the planet, so that both you and Mr. Lucius Lux have the exact starting conditions and none of you has any starting advantage or handicap. Both halves of the planet have the same level of technology as 2017 Geneva, Switzerland.
You know that Mr. Lucius Lux has chosen Mixed Economy as his Economic System. You are given a period of 30 years in which you must compete with him and at the end of this period, the winner will be the one who has the largest GDP. You are free to choose any economic system learned until now and choose any economic policies you wish to attain that goal. You may also combine economic systems, provided you clearly state which ones you have chosen. You must explain why the system or combination of economic systems you are going to apply, will win in this race. A simple statement that your policies and economic system will win is not sufficient, but you must bring some arguments why you think these systems and policies will win vs the Mixed Economy system chosen by Mr. Lucius Lux.

Economic system

Discuss the extent to which a country moving from a centrally planned economy to a more market driven economy is in the interest of both consumers and producers
*Distinguish between the three types of economic system : free market system ,Command economies and Mixed economies
*Discuss the advantages and dusadvantages of each of the economic system
*Must provide Specific examples of countries that have transited from centrally planned economy to a market driven economy
*Must reference you work

Economic system

Discuss the extent to which a country moving from a centrally planned economy to a more market driven economy is in the interest of both consumers and producers
*Distinguish between the three types of economic system : free market system ,Command economies and Mixed economies
*Discuss the advantages and dusadvantages of each of the economic system
*Must provide Specific examples of countries that have transited from centrally planned economy to a market driven economy
*Must reference you work