it's shit... no jus kiddin>>>(posted 7003 days ago)there's 4 types of economic systems - traditional, market, mixed and command. Traditional is making decisions about the economy based on what was always done in the pas. ex. Aboringinals in Canada
Market is the industries and companies making decisions on the economy and influencing what happens. ex. Singapore
Command is having the government make decisions on the economy. The power is in the central authority. ex. North Korea
Mixed is having both the Market and Command act together to make a decision on the economy. ex. Canada
Hope my lil definations and examples helped. Pass it on.... lol Cya!!! :) - Annie