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  • Command Economy
  • It's going great! I'm making a lot of money .
  • Hows the business going?
  •                                                      Traditional Economy
  • The government should have the power to control EVERYTHING! Why do you think they shouldn't? 
  • That is so unfair people should be able to control there own property.
  • Market Economy
  • A command economy is when the government has all the power and control. They are allowed to determine what is being produced. There is no private ownership, and no entrepreneurs.  Cuba is an example of a country that uses uses this type of economy.
  • Mixed Economy
  • A traditional economy is an economy that relies on customs or historical events. A traditional economy depends on agriculture, fishing, or hunting. This economy mostly operate in developing countries. 
  • A market economy is when there is no government influence. People are allowed to have there own private ownership. 
  • A mixed economy is a system that combines characteristics of market, command, and traditional economies. Australia is a country that uses this type of economic system today. In this economy there can be unequal property risks. 
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