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Updated: 3/1/2019
Unknown Story
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  • traditional Economy
  • Command Economy
  • Market Economy
  • Store
  • Barber shop
  • Traditions are ways of doing things that have been passed down through the generations, like having birthday candles on birthday cakes.
  • Mixed Economy
  • 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.
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