Traditions are ways of doing things that have been passed down through the generations, like having birthday candles on birthday cakes.
An economic system in witch the government makes all important economics decisions.
An economic system in witch interactions between consumers and producers drive the economy.
The government also gets involved with minimum wage policies. Private and government-owned entities must follow these rules.' Example 2: France. 'France is also considered a mixed economy. The economic system is a mix of both command and market economies.