Market
-no government
-decisions are made by producers and consumers
-Black markets are inclued in this
Command
-all decisions are made by the government
-you have to follow/deal with the governments decisions
Traditional
-things stay the same
-all decisions are made by peoples traditions/religions
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-can be pure
(sometimes government)
(sometimes producers and consumers choose)
-no government/sometimes
-government is involved
-they are all included mixed economy
-all some type of market
Economic Ven Diagram
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