Question

what is economy and what are the types of economy ?​

Answer 1

Answer:

An economy is a system whereby goods are produced and exchanged. Without a viable economy, a state will collapse. There are three main types of economies: free market, command, and mixed. The chart below compares free-market and command economies; mixed economies are a combination of the two.

Explanation:

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Answer 2

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the operation of a country’s money supply, commercial activities and industry.

Types of Economy: It is said that every economy in the world is unique in some way or another. No two economies are identical. ... So economists have been able to identify four different types of economy – traditional economy, command economy, market economy and mixed economy........☺