Question

What is economy?Name the different types of economy​

Answer 1

Answer:

An economy is a system of making and trading things of value. It is usually divided into goods (physical things) and services (things done by people). It assumes there is medium of exchange, which in the modern world is a system of finance.

Economic systems can be categorized into four main types: traditional economies, command economies, mixed economies, and market economies.

Explanation:

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Answer 2

Answer:

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Explanation:

Economic systems can be categorized into four main types: traditional economies, command economies, mixed economies, and market economies.