Economic systems

Economic systems

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  • -A command economy is where a government creates laws and regulations and enforces central pan and owns monopolies.Examples of command is former soviet union and china,with feautures of communistic elements.
  • What is a Command economy?
  • A Traditional Economy is an economic system where traditions, customs, and beliefs help shape the goods and services the economy produces.for example a farm based country uses this type of economic system.
  • What is a Traditional Economy?
  • A market economy is where decisions and the pricing of goods and services are guided  by the interactions of a country's  citizen.An example of this is the unites states market economy where investments are beased on supply on demand
  • What is a Market economy?
  • A mixed  economy is an economic system that blends with all the elements of market economies and its a mixed with public and private buisness operations.for example U.s and France, in which they monitor the power of monopolies
  • What is A Mixed economy?
  • Private,Private,Private
  • Public,Public,Public    
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