There are four major types of economic systems. This includes the mixed economy, traditional economy, command economy, and market economy.
The four types of economic systems are the traditional economy, the market economy, the command economy, and the mixed economy. Of these, the traditional economy is the most basic.
Market economy,traditional economy,command economy and mixed economy
Market Economy, Peasant/Command Economy, Subsistence Economy, and Traditional Economy.
Free-market and command
There are four major types of economic systems. This includes the mixed economy, traditional economy, command economy, and market economy.
The four types of economic systems are the traditional economy, the market economy, the command economy, and the mixed economy. Of these, the traditional economy is the most basic.
Market economy,traditional economy,command economy and mixed economy
Market Economy, Peasant/Command Economy, Subsistence Economy, and Traditional Economy.
Free-market and command
Market and command
the people
The US of A has a mixed economy - a combination of market economy and command economy.
The three economic systems are the command economy, the free-market economy, and the mixed economy; they are all the same because they refer to the production and circulation of goods and services. In the command economy all resources are owned by the government, in the free market economy all resources are owned privately, in the mixed economy resources are owned by both.
A mixed economy combines elements of traditional, market, and command economic models to answer the three basic economic questions.
the 4 main types of economic systems are: a market economy, a mixed economy, a planed economy, and a traditional economy
North Korea, Vietnam, and portions of China are areas that come closest to having a purely command economic system. In a command economy, most economic decisions are made by the government rather than the free market.