Question

explain about the types of economic ​

Answer 1

Answer:

An economy is a system whereby goods are produced and exchanged. Without a viable economy, a state will collapse. There are three main types of economies: free market, command, and mixed.

Systems of Economy;

Economists generally recognize three distinct types of economic system. These are 1) command economies; 2) market economies and 3) traditional economies. Each of these kinds of economies answers the three basic economic questions (What to produce, how to produce it, for whom to produce it) in different ways.

Answer 2

1)command economy

2)traditional economy

3)market economy

4)mixed economy