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A town where every child grows up to do the same job his or her parents did

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What are the three main types of economies?

Command, traditional, and market economies


What countries have command traditional market economies?

many many many :)


Could you list and describe the four types of economies?

The four main kinds of economic systems are; command, market, traditional and mixed.


The most accepted argument in favor of market economies is their efficiency The argument most accepted in favor of command economies is the belief that they are?

More Traditional


What are the econimes market and command?

what are command economies


Of the three types of economies command market and traditional which does the following fit into Rich Americans tend to send their children to private schools.?

traditional


Why are command economies less efficient the market economies?

the competition in the market economies encourages both qyality and low prices.


Why are economies never purely market or command economies?

Neither purely market nor purely command economies can adequately answer the basic economic questions in every situation. -Plato


Is there a pure command and pure market economies?

no


Which of these is a mixture of command and market economies?

capitalism


What are the four basic economic systems around the world?

There are four types of economic systems: traditional economies, market economies, command economies, and mixed economies. these economic systems differ in how to answer the three basic questions: how to produce, what to produce and for whom to produce. In traditional economies, the three economic questions are decided mainly by social customs. In market economies, the economy is like capitalism in U.S and the economic questions are decided by individuals in the marketplace. In command economies, is like communism and the questions are decided by the government. In mixed economies, they are decided by a combination of market decisions making and government order. Many different combinations of these four kinds of economic systems are operating around the world today, with different degrees of success. Free-market and command (apex)


Why are command economies usually less efficient than market economies?

The competition in market economies encourages both quality and low prices.