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  • Market Economy
  • I guess this is what the people want.
  • Command Economy
  • They want bread
  • They can't have it
  • And tea
  • The FDA will have to approve first
  • Mixed Economy
  • The vaccines we produce will create a healthier living
  • Businesses decide on supply & demand and government chooses whether or not goods or services should be produced for the country. Hong Kong is an example of a Market Economy.
  • Traditional Economy
  • I'll sell you milk for 2 fish.
  • Government owns everything and decides how goods and services are produced.A disadvantage of this is that the people have no say. Cuba is an example of a country using Command Economy
  • Goods and services are produced for producers seeking profit and the government .Both have a say. France uses a Mixed economy
  • For the people in their society they grow and produce the same way their ancestors did. Rely on Farming, Hunting, and Gathering. Haiti is an example of a country that has a Traditional Economy.
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