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Hey Kayla,we have a test today on Economic Systems can u help me review!
Sure Thomas, just ask me what questions and I'll give you the answer!
So the first question is what is a traditional economy?
Well, a traditional economy is a economy in which customs of the past traditions, and ancestors answer 3 economic questions
Ok, what about Command Economy?
Command Economy is a economy where the government answers the 3 questions.
Ok 2 more! What is a Market Economy!
Market Economy is a economy where three individuals answer 3 questions
Ok last one I promise! What is a Mixed Economy?
Ok so a mixed economyis similiar to a Command and Market Economy because there are none of those economies pure in the world!
Thank you so much for helping me. I think I'm going to do great now
No problem Thomas. Any time! Good luck on your test!!
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