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  • Traditional
  • This type of economy is basic. Most people are farmers or hunters.  
  • Command
  • The government has total control over the economy. The government controls what is produced and how much. This system has not been successful. An example would be communism. 
  • Market
  • No government involvement. The prices of goods and services are determined by supply and demand. 
  • The United States is a example of a mixed economy. Some businesses are owned by the government and some are not. Businesses can control what is produced, but the government controls and regulates certain industries.
  • Mixed
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