Traditional Economies are economies found in some parts of africa and south america. In these economies do not use technology and the men and women are given diffrent economic roles and tasks.
Centrally Planned (Command) Economy- is an economic system in which economic decisions are made by centralized planners who determine what kind of goods and services to produce and how they are to be priced and may include state ownership of the means of production.
Market Economy-An economy that operates by voluntary exchange in a free market and is not planned or controlled by a central authority; a capitalistic economy.
Mixed Economy-An economic system that allows for the simultaneous operation of publicly and privately owned enterprises.
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