types of Econemys

Mixed :

However….There are no “pure ” market or command economies anymore… now countries have mixed economies.This means that countries have a “mixture” of both command and market economies.

ex:the European union


In a traditional economy the customs and habits of the past are used to decide what and how goods will be produced, distributed, and consumed.People know early in life what type of job they are going to have.Their careers are based on what their parents do and customs of their do

ex:native tribes