The four types of economic systems are;
1. Traditional Economic system
2. Socialist or Command Economic system
3. Capitalist or Market Economic system
4. Mixed Economic system
<h3>What is an Economic System?</h3>
An economic system is said to be a kind of a system where there is seen a network that create the economic association that exist between individuals in society.
Note that it deals with the way that people of a place come together to form a complex whole and carry out economic transactions.
Hence, The four types of economic systems are;
1. Traditional Economic system
2. Socialist or Command Economic system
3. Capitalist or Market Economic system
4. Mixed Economic system
Learn more about economic systems from
brainly.com/question/491016
#SPJ1
