Gemma     1-2     Traditional Economic System

• A traditional economic system is the most traditional and ancient type of economy in the world. 
• Traditional economies are direct result of their beliefs, customs, traditions, religions, ect.
• Does not see the type of profit of surplus other economys see.

Gemma      2-3  Command Economic System

• Command economic system is a step up from traditional economy.
• Command economy is controlled by centralized power.
• Over time it could create an unrest among the general populations

Gemma     3-4       Market economic system

• This government does not control vital resources, valuable goods or any other major segment of the economy.
• It regulates fair trade.
• The biggest advantage to a market economy is the separations of the market and the government 

Gemma       4-5     Mixed Economic System

• Mixed economy is also known as a dual economy.
• mixture of market and command economy
• the market is more or less free of government ownership 

Gemma     1-2     traditional economic system

• Its advantages are it is the most traditional and ancient type of the economy in the world.
• it does not guarantee happiness, peace, social or, most ironically of all, economic stability
• other economies that these factors for granted.