Question

Market, planned, and mixed are three basic types of _____.

Answer 1

Market , planned and mixed are three basic types of ECONOMY

Answer 2

They are the three main types of economical system.  

There are three types in economic system they are command economics, market economics, and traditional economics.  

In command economy, the government plays major role is taking main decision.  

In market economy, all the economical decision is taken by the consumers.

In traditional economy, using the traditional methods the three questions are answered and no country follows the complete traditional methods.