Question

help me in my economics project tell something about economy and it's types​

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.

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Types of Economies.

Free-Market Economies Command Economies

Usually occur in democratic states Usually occur in communist or authoritarian states

Answer 2

Hyy mate here your required 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. The chart below compares free-market and command economies; mixed economies are a combination of the two.

I hope it's helpful for you!!