Question

what is the type of economic s​

Answer 1

Answer:

ᴛʜᴇ ᴡᴀʏ sᴄᴀʀᴄᴇ ʀᴇsᴏᴜʀᴄᴇs ɢᴇᴛ ᴅɪsᴛʀɪʙᴜᴛᴇᴅ ᴡɪᴛʜɪɴ ᴀɴ ᴇᴄᴏɴᴏᴍʏ ᴅᴇᴛᴇʀᴍɪɴᴇs ᴛʜᴇ ᴛʏᴘᴇ ᴏғ ᴇᴄᴏɴᴏᴍɪᴄ sʏsᴛᴇᴍ. ᴛʜᴇʀᴇ ᴀʀᴇ ғᴏᴜʀ ᴅɪғғᴇʀᴇɴᴛ ᴛʏᴘᴇs ᴏғ ᴇᴄᴏɴᴏᴍɪᴄ sʏsᴛᴇᴍs; ᴀ ᴛʀᴀᴅɪᴛɪᴏɴᴀʟ ᴇᴄᴏɴᴏᴍʏ, ᴀ ᴍᴀʀᴋᴇᴛ ᴇᴄᴏɴᴏᴍʏ, ᴀ ᴄᴏᴍᴍᴀɴᴅ ᴇᴄᴏɴᴏᴍʏ, ᴀɴᴅ ᴀ ᴍɪxᴇᴅ ᴇᴄᴏɴᴏᴍʏ. ᴇᴀᴄʜ ᴛʏᴘᴇ ᴏғ ᴇᴄᴏɴᴏᴍʏ ʜᴀs ɪᴛs ᴏᴡɴ sᴛʀᴇɴɢᴛʜs ᴀɴᴅ ᴡᴇᴀᴋɴᴇssᴇs.

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Answer 2

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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.

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