Explain the types of economics by filling correct information in the place of questions in the circle
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There are four types of economies. 1)Traditional economic system- This is related to economics of ancient times. ... 3)Market economic system- It deals with the allocation of the resources. Like from where goods are bought ,its production and who buys the goods.
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the types of economics are the capitalist economy this economic system is being controled and own by the private sector that is the production process of what to produce and how to produce
another is the socalist system this economy is owned and controlled by the government
lastly the mixed economy this economy is controlled and managed by but the private and public sector[goverment]
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