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Define:

a. Traditional Economy:
b. Communist economy:
c. free enterprise economy:
d. Mixed economy:

1 Answer

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Step-by-step explanation:

traditional economy:It is an economic system in which tradition,customs and belifs shape the goods and services the economy produces.

Communist economy: It is an political idea that position itself in opposition to liberate democracy and capitalism.

Free enterprise economy: It is a type of economy where products prices and services are determined by the market,not by the government.

Mixed economy: It is an economic system combining private and state and enterprise.

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