Mixed and command both are part of the hipo urine family and sell goods with small governmental groups
In a Market Economy the decisions are made by individuals whereas in a Traditional Economy, the decisions are all based on tradition, like what their ancestors had done, religion, and other similar factors. However, they both have a self interested mind-set.
Hope this helped! :)
market economies use price mechanism to sove the prolems of economic choce .mixed economies also do the same facilitated by government interventions .
they are similar in many ways they are similar in many ways
Traditional is done when you have a brain to use other than going on ask.com and writin this down, boy!!
they have goods and services
economic systems
Free-market
Most countries have similar economic systems, which are a mixture of a free market and government regulation.
The four types of economic systems are mixed, traditional, market and command. The economic systems evolves as different societies places different emphasis on different goals.
Traditional, Command, Market, Mixed.
Hi👙
they have goods and services
command and market
One way to define economic systems is to classify them according to whether they are market systems or command systems.
In a Market Economy the decisions are made by individuals whereas in a Traditional Economy, the decisions are all based on tradition, like what their ancestors had done, religion, and other similar factors. However, they both have a self interested mind-set. Hope this helped! :)
free market
economic systems
market economies use price mechanism to sove the prolems of economic choce .mixed economies also do the same facilitated by government interventions .
Free-market
Most countries have similar economic systems, which are a mixture of a free market and government regulation.
The four types of economic systems are mixed, traditional, market and command. The economic systems evolves as different societies places different emphasis on different goals.
Mixed and market