Economics Systems

jamiya crawford

Command

A command systems is when the government planning group makes the economy decisions for the workers or in other words its an economy where people or told what to do/what their job is.

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Traditional

A traditional system is when most economics decisions that are made are based on custom and habit of how decisions are made in the past.

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Market

A market economy is when a society's economy decisions are made by individuals that decide what to produce and what to buy.

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