Economic systems

Economic systems
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  • Traditional economy 
  • A traditional economy is a economic system in which we use the customs and habits of the past to figure out economic decisions
  • Mixed Economy 
  • mixed economy is a mixed is mixed between command and market
  • Command Economy 
  • A command economy is a production ,investment ,prices and incomes are determined centrally by the goverment .
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  • Market Economy 
  • Market economy is  a price of the products and services are chosen in a free price system that is decided by supply and demand.
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