4 Types of Economies

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Avatar for excitingworld32
3 years ago

I am doing to tell you four different types of economic systems. The economy is what serves the people to bring about different things.  There are many different economies in the world. Many different characters between all of them as well.  The four types of economic systems are traditional, market, command and a mixed system. All them have unique features with a mixed of different strengths and weaknesses.

 In general anything to do with currency relates and really works directly with the economy. In fact currency is what makes the economy in some aspects.

What type of economy you think would work best for you or your community you live in? Do you think making your community entirely profit driven a good idea? Do you think the government should have full control of everything economically.

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Avatar for excitingworld32
3 years ago

Comments

Good article. It is interesting and educative. Keep it up. We look forward to reading more articles from you.

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3 years ago