Gemma  1-2  Traditional Economic System 

• Most popular economic system in the world
• Traditional economies produce products and services that goes according the beliefs, customs, traditions and religion of the country.
• Traditional economies areas tend to be rural, second or third world.
• A advantage about the Traditional economies is that custom is preserved.

Gemma  2-3     Command Economic System

• The next step up from a traditional economy.
• Large part of the economic system is controlled by the federal gorvernment.
• This kind of economy is capable of creating a healthy supply of the country's resources.
• The central power only desires its most valuable resources. other things, like agriculture, are regulated by the people.

Gemma  3-4   Market Economic System

• The government doesn't have control of the major poibst of the economy.
• Companies run the country's economy. 
• The market and the gorvenment are separated .
• Market economy is not truly existent in the world.

Gemma  4-5   Mixed Economic System 

• Mixed economy is the combination of economic systems.
• It can be many times of mixed economy some being controled by the government and others free market.

Gemma       2-3        Command Economic System

• In a Command economy is developed a central plan for the economy.
• In this central plan the central power controls almost every part of the countries economy and owns most of industries and business.