Question

In a one, well written paragraph, write a description of all three of the following economic systems: traditional, market, and command.

Answer 1

A traditional economic system, people do things most likely like in the older days where they grow their own crops do a lot of old fashioned techniques. In a Market economic system is pretty much related as North America where we have the freedom to go to a store and buy our needs and go do whatever. In a command economic system, can be referred to countries such as China or Russia. Pretty much like a communist government.