The Catholic Church wanted people to believe they had to pay there way or do works luther said we are saved by grace thru fath in Jesus Christ alone
What are the options?!? Please add or repost this with the options
Answer:
Explanation:
Traditional economy is an economic system whereby the production, distribution and allocation of goods is based on the traditions, customs, and beliefs of the people.
A command economy is also called a planned economy. It is an economic system where the production, distribution and the allocation of goods and services are done by the government. Countries practicing this are China, North Korea etc.
A market economy is an economic system where the production, distribution and allocation of goods and services is done through the forces oof demand and supply. In such case, the activities are unplanned and not centralized as government has minimal say in such economy. Countries practicing this include United States, Ghana, England etc
