Traditional ,& Command ,&, And Market Economy

traditional ,& command ,&, and marketeconomy By : Stanley Strong

Traditional economy A

traditional economy is an economy based on custom and tradition. The economic system by resources are allocated cause of inheritance, has a strong social network and is based on indigenous technology and methods

Command economy A

economy where the prices are regulated by the government other than the maket forces

Marketeconomy  an

economy that relies chiefly on market forces to allocate goods and resources and to determine prices)

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