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  • Hello there. Today I am going to talk about economies.
  • Traditional economy: it's where people trade things and if they don't think it's right to trade certain things, they barter goods. They do this because they're government is anarchy. 
  • Next we have, Command economy: the government makes all decisions on goods and services.
  • My personal favorite, Mixed economy: a system that uses characteristics of market and command. This is the economy of the United States.
  • Last but not least, Market economy: it's where people supply and demand things.
  • Well  I better get going. I hope you learn something about the four types of economies. See you later.
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