Write a 125-word essay comparing the ways in which command economies and market economies affect a worker's life

A command economy where the government has complete control over the production and workings of the whole country while a market economy is one where the market or private people have full control of the market place. In the command economy, the government has control of the prices and wages, but in a market economy the individual that owns the company gets to choose the wages and supply based on supply and demand. It affects the worker’s life in a command economy by controlling every aspect of the production and workings in the economy. It also affects the worker’s life in a market economy by letting the worker have the free range to set prices, wages, etc. rather than having it controlled and set for the person.

a. european colonies