Economies

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  • Traditional Economy
  • Some of the tribe men and I are going to go hunt for dinner
  • Okay. I'll be teaching the little ones how to sew rugs.
  • Mixed Economy
  • The government allows us to provide are our free car wash service, but only on Mondays and Thursdays
  • Free Car Wash
  • Traditional Economy is when old traditions guide the decisions made. The family, tribe, or religious group is kept in mind at all times. Also, what happens generations before can determine the success of the present economy. Overall, environment is important, while modern technology is not.
  • In a Mixed Economy, individuals and the government have say in decision making. The government regulates production, and individuals own the resources. Government strive to protect consumers and producers.  
  • 
  • I
  • they want it.
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