In business class we are learning about the four types of economies
We learned about the 4 types economies from books and teachers. market- traditional mixed- command
When we were learning about command economy it is like the principal controlling what happens in the school
today are teacher took us on a field trip and we learned about traditional economy and that is when goods are produced like they were always produced. Just like in farming they farm like it has always been done.
today our teacher taught us about market economies the U.S.,France,and U.K. are a market economy. A market economy is when the people of the country control and own the resources .
We also learned about mixed economies, a mixed economy is when the people and he government have a say