There are four primary types of economic systems in the world: traditional, command, market and mixed. Each economy has its strengths and weaknesses, its sub-economies and tendencies, and, of course, a troubled history.
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Texas’s economy rises and strengthens from the oil industry they are the #1 oil distribution in America and it does not effect us too much because we get most our oil from other countries
<span>Adam Smith's writings came to represent an economic system known as laissez-faire. This was the precursor to capitalism in the sense that the economy was governed by the invisible hands of supply and demand. Naturally, the supply and demand are affected and altered by buyers and sellers. So sellers would try to maximize their profit while competing with other sellers for business. Buyers would try to buy the BEST material without spending an arm and a leg. These cycles gave rise to the development of the more complex entity of capitalism. It also resulted in the polar opposite of economic socialis . i hope it helps</span>
Answer:
Family -owned stores was the bussiness which grew most quickly in the United States during th late 1800s
It was the Louisiana purchase.
