The economies are the traditional economy, the command economy, the market economy, and the mixed economy.
Olivia then tells Jimmy all the economies
Olivia explains what the economies do
Traditional is how the economy has been doing it for centuries. Command is the government is in full control. Market is the government has no control and everything is buying and selling. Mixed is a mix between command and market.
Olivia gives Jimmy an example
Welcome to my shop!
You see, this is an example of a market and mixed economy. We live in a country with a mixed economy.