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I sadly just died. But now I can time travel.
This is a market economy. Here when something is no longer popular it becomes cheap. But when its popular it cost a lot of money.
This is a command economy. He the government control what gets sold
This is a traditional economy. Here people work to provide them selves and trade with others
And finally this is a mixed economy. It shares elements of a command and market econmy
And here we are back in present day. I hope you learned a lot today, I know did.
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