Question

Explain the different types of economies.​

Answer 1

Answer:

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. Individuals and businesses make their own economic decisions. The state's central government makes all of the country's economic decisions.

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Answer 2

Answer:

there are 3 types of economy

1 traditional economic system

2 command economic system

3 market economic system