Gemma  1     Traditional Economic System

•  Where Tradition Is Cherished.
• Traditional economies to this day still produce products and services that are a connected result of their beliefs, customs, traditions, religions, and much more.
• Portions throughout the world still work under a traditional economic.
• Some areas are rural, scend or even third-world.
• There is a very small population of nomadic people that is gaining dept.
• The nomadic economies interact with other economies in order to sell, trade, barter,etc.

Gemma 2 Command Economic System

• The most notable feature of a command economy is that a large part of the economic system is controlled by a centralized power which is called centralized control.
• This kind of economy tends to develop when a contry finds itself in possesion of a very large amount of valuable resource.
• A comman economy is capable of vreating a healthy supply of its own resources and it generally rewards its own people with affordable prices.
• Things like agricultlure are left to be regulated and ran by the people.

Gemma 3 Market Economic System

• It is the most notable feature of a command economy is that a large
• The people coltrol all of the major stuff in the economy.
• They have a explosive economy that is very controled and is safe.
• There is no true market economy in the world.

Gemma 4 Mixed Economic System

• A mixed economy is just like it sounds but it mainly connects to a combination of a market and command economy.
• The markets are more or less free of government ownership except for a few key areas.
• Mixed economy can lead to incredible results, it can also suffer from similar downfalls found in other economies.
• A lot of questions about the economy have no real answer they are subjective, and for that reason only a relatively amll abount of the population will, at any given time, agree with the state of a mixed economy.

Gemma 5         The American Economy

• The progress of the first world nations allows slower economies to make faster, stronger strides.
• The American Economy avoids mistakes that have been made.