Term
Gemma 1-2 Traditional Ecomomic System.
- Economics still make things that are a result of the things that people beleive in and traditions.
- They normaly interact with other economies in order to sell and barter goods.
- Surplus is a rare thing.
- Tradition and peoples costoms and beleifs will always be perserved.
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Definition
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Term
Gemma 2-3 Command Economic System.
- It is ran by people.
- It is somewhat similar to free market.
- There is alot of seperration between it and the Gov.
- The Gov. will never get to powerful.
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Definition
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Term
Gemma 3-4 Market Economy System
- A market economy ia very similair to a free market.
- In this way, orginizations run by the people determine ect.
- Arguably the biggest advantage to a market economy.
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Definition
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Term
Gemma 4-5 Mixed Economic System
- A mixed economic system is just like it sounds.
- Please respect the thin line.
- Whiel a mixed economy can lead to the incredible results.
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Definition
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Term
Gemma 1-2 Traditional Ecomomic System.
- Economics still make things that are a result of the things that people beleive in and traditions.
- They normaly interact with other economies in order to sell and barter goods.
- Surplus is a rare thing.
- Tradition and peoples costoms and beleifs will always be perserved.
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Definition
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