Gemma     1-2     Traditional Economic System

• This System is the most traditional and ancient type of economy.
• It produces products and services that are a direct result of beliefs, customs, traditions, religions, etc.
• These economies would never in a million years see the type of profit or surplus results from a market or mixed economy.
• The fact that each member of a traditional economy has a more specfic and pronounced role, these societies are often very close-knit and socially satisfied.

Gemma     2-3     Command Economic System

• There is often no shortage of jobs as the government functions similarly to a market economy in that it wants to grow and grow upon its populace.
• A large part of the economic system is controlled by a centralized power; often, a Federal Government.
• Capable of creating a healthy supply of its own resources and it generally rewards its own people with affordable prices.
• The government in a  command economy only desires to control its most waluable resources. Many communist governments fall into this system.

Gemma     3-4     Market Economic System

• Market economy is similar to a free market.
• This prevents the government from becoming too powerful, too controling, and too similar to the governments of the world that oppress their people while living lavishly on controlled resources.
• The biggest advantage to a market economic system is the separation of the market and government.
• Orgainizations run by the people determine more advancedeconomies, would like to see return to prominence.

Gemma     4-5     Mixed Economic System

• Known as a Dual Economy is a combination of economic systems.
• Some are primarily free markets and others are strongly controlled by the government.
• Leads to incredible results it can also suffer form similar downfalls found in other economies.
• Must have a strong form of government indeed to avoid collapsing under this constant pressure.

Gemma     Chosen Economy System

• The Mixed Economy system in Iceland, Sweden, France, the United Kingdom, the united States, Russia, and China.