Economic Systems

Economic Systems
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  • I am having trouble understanding the 4 types of economic systems.
  • Time for a trip!
  • Visitors!
  • Great!
  • In a Traditional economy the people make what they need like planting wheat and hunting.
  • In a traditional economy we barter for things that we need like meat.
  • Thank you, time to see our next economy
  • Like not being able to start a business.
  • In a Command Economy there is not a lot of personal freedom.
  • Now get out I have work to do!
  • Yes your lord!
  • I rule this economy, I decide what to produce, how to produce, and for  whom to produce!
  • Is there any government involvement in the market economy?
  • In a pure market economy not at all.
  • In a market economy we can do anything with our businesses.
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