Gemma     1-2     Traditional Economic System

• Traditional economy is tied to the land usually through farming.
• Areas that use traditional economy are second - third world.
• There is not much surplus in the traditional economy.
• There is more social satisfaction in this economy, yet there is less access to western technology and advances. 

Gemma     2-3     Command Economic System

•    The command economy is centrally controlled by the federal government who controls everything in the industrial process.
• There are many supposed advantages to this economy, such as there is no shortage of jobs and the government in charge of creating a command economy has the ability to create a healthy supply of resources for itself.
• There is one thing off about this economy, and it is that the government allows the people to regulate agriculture and does not personally control it. 

Gemma     3-4     Market Economic System

• The government is kept from getting too powerful due to the fact that the government is not in control of the production process like in a command economy.
• This economy has a relatively safe, explosive economy that is very well controlled.
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Gemma     4-5     Mixed Economic System

•   A mixed economy is a mixture of two economic systems such as market and command.
• There is not much governmental control of the resources and there is governmental assistance in the federal programs they have instituted.
• There is a large possibility that the mixed economy might lead to the downfall of a certain government due to the fact that the government will start to take more control over everything.