economy systems

economy systems

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  • Hi class so today we are going to be learning about the 4 economic systems 
  • the first economic systems  is traditional 
  • Is the the system where they make enough for only there  family 
  • yes and they only make it for there family's to survive 
  • the second type of an economic system is ........ command economy 
  • this is the economy where the government controls what people do and the government controls what it done with the resources 
  • The 3rd economy systems is market  economy 
  • this system is the is where the individual make all there own decisions and they are privately owned 
  • The 4th and final economy is mixed economy 
  • this is the when individuals are able to buy and control things on there own
  • But sometimes the government my help and fill in the gaps that individuals don't 
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