An economic system contains three types, market,command, and traditional. Market is selling stuf on your own, traditional is well a tradition and commmand is being told to do so by the government.
An economic system is a system that involves the production, distribution and consumption of goods and services between the entities in a particular society. The economic system is composed of people and institutions, including their relationships to productive resources, such as through the convention of property. In a given economy, it is the systemic means by which problems of economics are addressed, such as the economic problem of scarcity through allocation of finite productive resources. Examples of contemporary economic systems include capitalist systems, socialist systems, and mixed economies. Economic systems is the economics category that includes the study of respective systems.
Source(s):.wikipediaThe term "economic system" refers to the method by which trade and business organizations are regulated by the state.
traditional economic system command economic system market economic system
traditional economic system command economic system market economic system
There are 3 main economics for economic system which are given below: 1.) Capitalism economic system 2.) Socialism economic system 3.) Mixed economic system .
no ideal economic system
What the Economic system v. political system
traditional economic system command economic system market economic system
traditional economic system command economic system market economic system
I understand sensation from a Psychological and an Economic perspective
There are 3 main economics for economic system which are given below: 1.) Capitalism economic system 2.) Socialism economic system 3.) Mixed economic system .
no ideal economic system
What the Economic system v. political system
Free economic system which is also called capitalist economy Centrally planned economic system which is also called the socialist economy Mixed economic system Military economic system
What is nature of economic system?
mixed economic system
Nothing, that don't have an economic system.
There is no Islamic economic system any more than there is a Hindu economic system.
Not everyone agrees about which economic system best promotes economic equality. Those who advocate for socialism often argue that it's the fairest economic system.