Question

name the types of economics​

Answer 1

• The main types of an economic system are capitalist economy, socialist economy, mixed economy.
• Each of these economic systems has its characteristics, and is distinct from one another

Answer 2

heya, buddy !!

:$\implies$The main types of an economic system are – capitalist economy, socialist economy, mixed economy. Each of these economic systems has its characteristics, and is distinct from one another.

We know that,

:$\implies$An economic system is an arrangement made by governments to distribute and organise available resources, goods and services all through a country or a geographic region. It takes into account the factors of production – labour, capital, and resource.

Hope you understand it now!!:))