A mixed economic system protects private property and allows a level of economic freedom in the use of the capital. A country that have a mixed economic system is Russia and China because these countries have a mixed government spending and free market system based on the share of government spending as a percentage of gross. One advantage of the mixed system is it permits private participation in production, which in return allows healthy competition that can result in profit.
I'm the government so I control the company.
A Traditional economy is a system that relies on customs, history, and time honored beliefs. A country that match this system is Africa because they do farming herding animals. One advantage is that it's a family based or tribe- based economy. One disadvantage of the traditional system is that it isolates the people within that economy.
A market economy doesn't relies on an government and it is to sell goods and services. Hong Kong achieved the top ranking in 2012 with a score of 89.9. Competition leads to efficiency because businesses that have fewer costs are more competitive and make money. Tendency for an inequitable distribution of wealth,poorer work conditions.
A command Economy is when the government is in control. Cuba, North Korea are examples of countries that have command economies. One advantage is that everyone had a job. One disadvantage is that Government is in controlled.
I like that Idea, because my stuff will be safe with the government.