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Storyboard Text

  •  economy is the method used by a society to produce and distribute goods and services. My friends will tell you the other types of economy.
  • market economy is when a free system controlled by a system of supply and demands. 
  • traditional economy is when people specialize in one good or service then trade and barter goods.   
  • Command Economies is when the government makes all decisions on goods & services.
  • Mixed Economy is a system that uses characteristics of market and command.
  • So in conclusion now you know about the other types of economy and what they are.
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