What are economic systems an economic system is the system, Ask an Expert

Economics

What are economic systems?

An economic system is the system of organisations utilized by a society to solve the economic difficulty of what how and for whom to make. There are four types of economic system.

a. Traditional economy

b. Free market economy

c. Planned or command economy and

d. Mixed economy

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M9579704

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