March 30, 2017

Post a New Question

Posted by on .

im learning about economics and the meaning of 3 economic systems
traditional, command, market

traditional i undestand as peooples ecomonic passed down from previoius generations, traditions decide what theses people do for a living and how work is done

command the maid decision maker is the government no person may independently decide to open and run any kind of business
market: it is one nations economic decision are the result of individual decisions by buyers and sellers in the market place.

the question is how do the following types of economics systems capitalism , socialism, and communism
fall under : market , tradition, and command.

i got capitalism /market
socialism / tradition
communism / command

is that right?

  • economics - ,


Answer This Question

First Name:
School Subject:

Related Questions

More Related Questions

Post a New Question