Question

what is economic or types ​

Answer 1

Answer:

The way scarce resources get distributed within an economy determines the type of economic system. There are four different types of Economic Systems; a traditional economy, a market economy, command economy, and a mixed economy. Each type of economy has its own strengths and weaknesses

Answer 2

Answer:

Economics is the study of efficiently allocating resources to fulfill needs and wants of people. The study of economics is divided into two primary subdividions Microeconomics is the study of the economic decision making of business and consumers, while macroeconomics is the study of economy as a whole