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What are three main types of economics?
The three main types of economics are traditional economy, command economy (AKA planed or directed economy)& free enterprise economy (AKA private capitalism or the market economy)
What are the three types of economy?
Command economy, market economy, and traditional economy. The United States of America is a Market economy.
How market traditional and command economy adapt to change?
A traditional and command economy adapt slowly, a market economy adapts fast.
Is Russia primarily a traditional or command or market or mixed economy?
command economy
Does Serbia have a traditional command or market economy?
It has market economy
Does Niger have a mixed market command or a traditional economy?
traditional
Is Israel a traditional market command or mixed economy?
Mixed economy because it is only command on the farming.
What are other names for traditional economy?
command economy
Does Venezuela have a traditional command free market or mixed economy?
it has a free economy
Is iraq's economy market mixed traditional or command?
iraq's economy is mixed
How can you tell if a country is traditional in economy or command economy?
It all depends on the region
Can economic decisions benefit consumers in a free enterprise economy than in a command economy?
Economic decisions can benefit consumers more so in a free enterprise economy rather than in a command economy. This is so due to the fact that the free enterprise economy focuses on production and distribution being privately owned. This also allows the ability to allow products and services to be on a supply and demand basis.
