Question

define economy ? explain different forms of economy​

Answer 1

Answer:

An economy is a system whereby goods are produced and exchanged. ... There are three main types of economies: free market, command, and mixed. The chart below compares free-market and command economies; mixed economies are a combination of the two.

Answer 2

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An economy is a system whereby goods are produced and exchanged. ... There are three main types of economies: free market, command, and mixed. The chart below compares free-market and command economies; mixed economiesare a combination of the two.