Traditional Economy An economic system in which economic decisions are based on customs and beliefs

Command Economy an system where the government makes all economic decisions

Market Economy an system that is left up to individual producers and consumers how industries an markets operate 

Mixed Economy an economic system in which both the state and the private sector direct the economy.

Consumers get what they want but there is government intervention

Command Economy is when the government make all the decisions , the government owns you and everything you have . This is also called Communism

You can't own anything because the government owns everything.

Ex:

Can't have your own office. Bribes are often.  

System Of equalities requires everyone to make the same amount of money

Most of the government has control. 

Communism

Command Economy is used in Cuba and North Korea

Examples of command economy. China, North Korea, Vietnam, Cuba, and former Soviet Union

.

Ex: In Cuba the System Of equalities requires everyone to make the same amount of money

 Most of the government has control. 

Traditional economy is an system that depends on hunting, gathering, cultivation, and bartering. Most of it is based on customs and beliefs that have been handed down.

Customs and beliefs shape the goods and the services the economy produces, as well as the rules and manner of their distribution. 

Traditional Economy

 Rural and farm based

Examples of traditional economy. Native American tribes, parts of Asia, Africa and South America and the Middle East