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List all four types of economic system?

Updated: 9/6/2023
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Adh99

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11y ago

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the 4 main types of economic systems are: a market economy, a mixed economy, a planed economy, and a traditional economy

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Dejah Walter

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2y ago
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quekusam494

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7mo ago

The four primary types of economic systems are:

  1. Traditional Economy: Based on customs, traditions, and barter systems, with little to no technological advancement.

  2. Command Economy: Centralized government control over production, distribution, and allocation of resources.

  3. Market Economy: Decisions about production, distribution, and resource allocation are made by individuals and businesses in response to supply and demand.

  4. Mixed Economy: A combination of market forces and government intervention in economic activities.

If you have specific questions about these economic systems or need more information, feel free to ask!

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14y ago

The four basic economic systems are command, market, mixed, and traditional. Command is when government has the right to control your whole live and everything you do, down to what you ware and what you eat and even how long you are aloud to cook food. Market is when the people have the say in everything, the government just doesn't care. The people can do what ever they want to do. Mixed is when the government and the people have even rights. The people have a little say and the government has a little say. Then traditional is where the government is not involved with any decisions because the people go by what their ancestors did.

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Wiki User

13y ago

Private Property

Command

....... the rest will come soon ^_^

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Wiki User

11y ago

Market, Command, Traditional & Mixed Economic system.

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Wiki User

12y ago

whio knows

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