posted by .

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 -


Respond to this Question

First Name
School Subject
Your Answer

Similar Questions

  1. Environmental Economics

    I don't understand the differences between ecological economics and traditional natural resource and environmental economics. Could someone please try to explain it to me?
  2. English

    How can we share Korean traditions? 1. We can make traditional tteok, rice cake, with our classmates. 2. We can make traditional kites in our classroom. 3. We can make traditional Korean dress at home. 4. We can play traditional Korean
  3. Economics

    Rank in order from best to worst, the economic systems(command, market and mixed) according to which, in theory, best attempts to meet the conditions of The Human Development Index. Why did you rank them this way. I am thinking (in …
  4. social studies economics

    identify and understand the meaning of 3 different economic systems: traditional, command , and market is there a website i can find this out
  5. economics

    Explain how resources are allocated in a market economy. what should i talk bout,well i should i talk about the 3 types of economics system like fixed economy,free market,planned market and command market?
  6. English

    1. They are at the market. 2. They are in the market. (Which preposition is correct?
  7. Economics

    Which of the following is a characteristic of a traditional economy?
  8. Social Studies

    what would be the most likely method for a game store to distribute a popular new video game to customers A.First come first served B.Levels C.Needs D.Auction which these states a basic economic question A.What job is best B.How much …
  9. Social Studies

    what would be the most likely method for a game store to distribute a popular new video game to customers A. First come first served B. Levels C. Needs D. Auction which these states a basic economic question A. What job is best B. …
  10. SS-Writeacher

    Communism and socialism are usually found in what type of economic system?

More Similar Questions