I finally was able to pay off this property to the government. Would anyone like to buy some homemade marmalade?
I wish I had some marmalade
Did you shut down the marmalade company yet?
Yes I did, they did not pay their 50% income tax.
Would you like some carrots? I will trade you for an ear of corn and some fabric
OF COURSE I would!!!
Good job passing government inspection, after income tax is taken out, you will get your first pay check
Market Economy allows people to make whatever business they want as long as they do what they are supposed to and is not illegal. They don't have to conform to public need.
Command Economy has complete control by the government. They can decide anything about the way a company can run and do basically do whatever they see fit.
Traditional Economy allows people to work for their own benefit and lives and allow people to trade goods in order to survive with no government interference.
Mixed Economy is the balance between Command Economy and Market Economy. The government has some control in business but the owner is allowed to be the one to decide the main topics of the company or organization.