Types of Economies
Market Economy- The citizens have more freedom on what they buy, and the decisions they make in the economy.
Command Economy- The government usually makes the decisions for the prices, investments, income, and production in the economy.
Traditional Economy- Original system where traditions, customs, and beliefs have a big influence on the goods and services present in the economy.
Mixed Economy- The people and the government are both equal when it comes to making decisions in the economy.
Credits:
Created with images by familymwr - "BRAC brings upheaval, opportunity to San Antonio 090812" • Rob.Bertholf - "Humboldt County Fruitstand" • skys the limit2 - "Spire Dallas, aerial rendering"