what is an economy and types of economy
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6
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The way scarce resources get distributed within an economy determines the type of economic system. There are four different types of economies; traditional economy, market economy, command economy and mixed economy. Each type of economy has it's own strengths and weaknesses
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Answered by
7
Answer:
An economy is a system whereby goods are produced and exchanged..
THERE ARE THREE TYPES OF ECONOMY :-
1)Free market
2)Command
3)Mixed.
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