Mixed free and planned ((;
Mixed free and planned ((;
Market economy,traditional economy,command economy and mixed economy
A mixed economy combines elements of traditional, market, and command economic models to answer the three basic economic questions.
market
Mixed free and planned ((;
Mixed free and planned ((;
Market economy,traditional economy,command economy and mixed economy
A mixed economy combines elements of traditional, market, and command economic models to answer the three basic economic questions.
sensorineural, conductive, and mixed
market
market economy
market economy planed economy mixed economy
private property, a market system, and worker freedom
The three economic questions are:What to produce, how to produce, and for whom to produce.There are three main systems that have developed to answer those questions:Traditional economies (economies that answer those questions the same way as their ancestors did) examples are Native American cultures and African tribes.Market economies (where consumers decide what, the producers decide how, and price and income decide for whom) example = JapanCommand/ centrally planned economies (the government decides the answers to these questions) example = USSR and ChinaMost of these economies do not exist in pure form. They exist as mixed economies. For example the United States which has mainly a market economy with some government control and intervention.As far as political systems, democracy/republic works with mixed, market, and traditional, also with command sometimes.Communism is the system that goes with a command/centrally planned economy.Fascism attempts to go between market and command.
Command economy, market economy, and traditional economy. The United States of America is a Market economy.
The three types of economic systems are centrally planned, traditional, and free market (or capitalist).