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Market economy,traditional economy,command economy and mixed economy

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Q: What are the three kinds of economic systems?
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What three questions must all economic systems answer?

what three questions must all economic systems answer?


What are the four kinds of economic systems?

Traditional, Command, Market, Mixed.


Three types of economic systems?

There are many types of economic systems, but three of the most common are listed here.capitalist economic systemsocialist economic systemmixed economic system


What are the three types of economic systems?

The three types of economic systems are centrally planned, traditional, and free market (or capitalist).


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Societies answer the three economic questions based on their values!


The three basic economic systems are?

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What three basic questions do economic systems address?

Economists also study how economic systems address three basic questions: What shall we produce?; How shall we produce it?; For whom shall we produce it?


What are three main economic systems of the world?

Communism, capitalism, and socialism.capitalism


What are the 3 fundamental questions that all economic systems must answer?

What to produce?How to produce?For whom to produce?These are the three fundamental questions that all Economic systems must answer.


What do three economic systems have in common?

Each system represents different answers to the four basic economic questions.