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Hello there. Today I am going to talk about economies.
Traditional economy: it's where people trade things and if they don't think it's right to trade certain things, they barter goods. They do this because they're government is anarchy.
Next we have, Command economy: the government makes all decisions on goods and services.
My personal favorite, Mixed economy: a system that uses characteristics of market and command. This is the economy of the United States.
Last but not least, Market economy: it's where people supply and demand things.
Well I better get going. I hope you learn something about the four types of economies. See you later.
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