Gemma     1-2     Traditional Economic Systyem

• ancient type of economy in the world
• certain elements of a traditional economy
• Produce products and services that are a direct result of beliefs, customs, traditions, religions, ect. 
• Traditional economics would never, ever, in a million years see the typr of profit or surplus that results from a market or mixed economy.

• One of the most obvious advantages is that tradition and custom is perserved while it is virtually non-existant in market or mixed economies.
• The main disadvantage is that

Gemma 2-3 Command Economy System

• This is the next step up from the traditional economy.
• A part of the command economy system that has a very large part that is often controlled  by a federal government.

Gemma 3-4 Market Economy System

• This market is very similar to a free market.
• This economy is not controlled by the government.
• Not a true free economy exists in the world.
• The separation of the market and the government is the biggest advantage to market economy.

Gemma 4-5 Mixed Economy System

• This economy is a mixture of both the market and command economy.
• The market is more or sometimes less free of the government except for a few areas.
• A mixed economy can lead to incredible results, but it also can suffer from similar downfalls in other countries.

The Economy that i picked was the traditional economy