What are the 4 economic systems?
Answers
Answer:
The answer is below-
Traditional economic system.
Command economic system.
Market economic system.
Mixed system
Explanation:
Answer:
Explanation:
Economic systems can be categorized into four main types: traditional economies, command economies, mixed economies, and market economies.
Traditional economic system. ...
Command economic system. ...
Market economic system. ...
Mixed system.
Types of Economic Systems
There are many types of economies around the world. Each has its own distinguishing characteristics, although they all share some basic features. Each economy functions based on a unique set of conditions and assumptions. Economic systems can be categorized into four main types: traditional economies, command economies, mixed economies, and market economies.