Types of economy

It is focused on the community as a whole.

• Traditional economy

• Command economy

• Market economy

• Mixed economy

Relies on the government to make all economic decisions.

• Traditional economy

• Command economy

• Market economy

• Mixed economy

What kind of economy does have this advantages?

• Free market economy

• Planned economy

• Mixed economy

What kind of economy does have this advantages?

• Free market economy

• Planned economy

• Mixed economy

It is focused on subsistence (farming – hunting).​​

• Traditional economy

• Command economy

• Market economy

• Mixed economy

It looks for finding a balance between consumer choices and government control.

• Traditional economy

• Command economy

• Market economy

• Mixed economy

ItIt is driven by consumers.

• Traditional economy

• Command economy

• Market economy

• Mixed economy

It has limited but active government involvement.

• Traditional economy

• Command economy

• Market economy

• Mixed economy

There is not government involvement.

• Traditional economy

• Command economy

• Market economy

• Mixed economy

Individuals choose how their resources are used.

• Traditional economy

• Command economy

• Market economy

• Mixed economy