Economy

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  • Hey john what is the 4 things of economy???   Oh Bob A economy is the method used by a society to produce and distribute goods and services.  
  • OK let me show you this is a example of a Traditional Economy.A Traditional Economy is when 2 people trade and barter goods. 
  • The other thing that is apart of a economy is Command Economies is is a government that makes all of the decisions and goods .
  • A Market Economy A free system that is controlled  by supply and demand.
  • The last one is Mixed Economy that characterizes for market and command  
  • And that is what all of the 4 things about a economy 
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