-Traditional Economies: it is a system which all all the resources are located by inheritance and has a strong social network and based on methods and tools, also very strongly connected to subsistence farming. The maqjority of countries that have traditional economy had been replaced with command economy, market economy or mixed economy.
-Centrally Planned (Command) Economy: ecnomic system which the state or government controls the factor of production and makes all the descisions about the use and about the distribution of income.
-Market Economy
-Mixed Economy
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