They kneel before the Priest, preparing themselves for the knowledge they are about to hear
What is Market Economy?
Four students walk into church for their early morning educational meeting
What is Traditional Economy?
"Hello students, Today we are going to learn about the different economies in the world "
What is Command Economy?
Market Economy is an economy in which the resources are owned and controlled by the people of the country.
What is Mixed Economy?
Traditional Economy is an economy in which goods and services are produced the way they have always been produced. It is used in countries that are less developed and are not yet participating in the global economy.
Command Economy is an economy in which resources are owned and controlled by the government.
Mixed Economy is an economy that combines elements of the command and market economies.