If this is world history, i can answer anything but traditional. so command economy. example: mao ceding in china under the great leap forward. he basically collectivized all farms. so an advantage of it is the government controls the economy. this is beneficial because you get reforms such as land redistribution. a downside is that everything is government owned. a market economy is capitalism, think US. advantage is that supply and demand laws. a disadvantage is that if the economy falls everybody feels it bc the government doesn’t play a role in the economy, for example, the Great depression. mixed is mixing both command and market. example: china after mao, so Deng Xiaoping. he basically allowed Four Economic Zones which allowed public investment into China to rebuild the economy. advantage is that you feel the effects of the free market but the gov still controls everything. a disadvantage is government control
