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Are the three basic economic?

Mixed free and planned ((;


The three basic economic systems are?

Mixed free and planned ((;


What are the three kinds of economic systems?

Market economy,traditional economy,command economy and mixed economy


What combines the elements of pure economic systems?

A mixed economy combines elements of traditional, market, and command economic models to answer the three basic economic questions.


What are the three basic types of hearing loss?

sensorineural, conductive, and mixed


Are private ownership limited government involvement and private investing three characteristics of a planned mercantile free market economic system?

market


How does each type of economy answer the three basic questions?

market economy


What are three main economic systems?

market economy planed economy mixed economy


The three basic characteristics of a capitalist system are?

private property, a market system, and worker freedom


What economics and political symtem have evolves to answer the basic questions of economics?

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.


What are the three types of economy?

Command economy, market economy, and traditional economy. The United States of America is a Market economy.


What are the three types of economic systems?

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