We live in a traditional economy! We hunt and fish mostly. Lets look some others and teleport there!
Looks like we landed in a market economy!This means businesses and consumers make economic decisions. This is most free-trade and market forces!
Lets see what our next economy is!
This is a command economy. Everybody here works and contributes, while the government takes care of what they need. This is not a very efficent system since everyone is paid the same. They have low competition.
Welcome to your average mixed economy! These countries let the government and the people control economic decisions. Some examples are France, Sweedend, and Iceland.