Gemma     1-2    Traditional Economic System

• It is the best place to start.
• It is also the most traditional and ancient type of economy in the world.

Gamma     2-3      Command Economic System

• It is the next step from a traditional economy.
• By no means it indicates that is fairer or an exact improvement; there are many things fundamentally wrong with a command economy.

Gamma 3-4    Market Economic System

• It is very similar to a free marrket.
• The government does not control vital resources, valuable goods or any other major segment of the economy.
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Gamma   4-4  Mixed Economic System

• It is also known as a Dual Economy.
• A combination of economic systems.
• It is primarly refers to a mixture of market and command Economy.