Traditional economy is an economic system in which traditions, customs, and beliefs help shape the goods and services that the economy will produce as well as the rules. This economy is not very open to trade and is more focused on sticking to traditional ways of living and is not very open to change within their society or other outside influences so there aren't many advances.
An economy in which production, investment, prices, and incomes are determined centrally by a government. The government has full control of what happens throughout the economy. Capable of creating a healthy
A market economy is an economic system in which decisions and the pricing of goods and services are guided by the interactions of a country's individual citizens and businesses. There is little government intervention or central planning.
An economic system in which both the private enterprise and a degree of state monopoly. A mixture of market and command economic system has characteristics of capitalism and socialism.