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  • hey do you know about the different economies?
  • no but i would love to learn about them
  • well, there are 4 different types of economies and they all have their similarities and differences
  • really, thats interesting. tell me more
  • the four different types of economies. there is command, market, traditional and mixed economies
  • how do they all work?
  • traditional economy is a repetition of history and events from the past. a command economy is where the goverment has all the power and is in complete charge of the economy
  • wow, that would be kind of unfair for the people wouldn't it?
  • i agree and then market economy is where the laws of supply and demand direct the production of goods and services and then mixed economy is a combination of all the different economies
  • woah thats interesting, thanks for teaching me about the four different economies
  • anytime it was fun
  • indeed it was. see u later
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