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Why does our school never have Basketballs?
Yes! I will order the school new basketballs.
Command economy is where a central government makes all economic decisions.
Hi! I would like to order One Million Basketballs.
FOR SALE GOING OUT OF BUSINESS
Sorry sir, our central government spent all of our budget on baseballs so we can not meet that number
Market economy is an economic system in which decisions are guided by interactions of country's citizens and businesses.
Hi! Can I order One Million Basketballs?
.
Of course you can
Traditional economy means an economy where customs, traditions and believes prescribe the principles of economic organization for production of goods and services
Hi! Can I order one million Basketballs?
Sorry, traditionally we only sell up to 300 at a time.
an economic system combining private and public enterprise.
Hi! Can I order one million Basketballs?
I'm sorry. Business has not been well and we ae a private business, so I can only sell about 200 Basketballs

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