There are basically four kinds of economic systems:
1) Market economy-
An economic system in which individuals own and operate different factions of production.
Examples: Free Enterprise & Capitalism
2) Command economy -
An economic system in which government owns and operates all factions of production.
Examples: Socialism & Communism
3) Traditional Economy -
An economic system based on culture and tradition. Economy is based on agriculture and hunting.
Examples: Non-Industrialized agrarian societies.
4) Mixed Economy -
An economic system where both command and market systems are featured.
Examples: United States is not a pure capitalist country for there are forms of socialism instilled in it to benefit individuals in need of services and has minimum wages, however, free enterprise reigns in the U.S. China also has both forms of economy, however, the Chinese government controls the prices and production.
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Free economic system which is also called capitalist economy Centrally planned economic system which is also called the socialist economy Mixed economic system Military economic system
Slavery, feudalism, capitalism. Socialism has no money and hence no economic system.
The four types of economic systems are mixed, traditional, market and command. The economic systems evolves as different societies places different emphasis on different goals.
markets
There are four major types of economic systems. This includes the mixed economy, traditional economy, command economy, and market economy.
The four types of economic systems are the traditional economy, the market economy, the command economy, and the mixed economy. Of these, the traditional economy is the most basic.
there is no such thing as political economic systems, there are only economic political systems