1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
lora16 [44]
3 years ago
14

What are the three types of economies

Geography
1 answer:
Mkey [24]3 years ago
6 0

[ Answer ]

1 - Command Economies

2 - Market Economies

3 - Tradition Economies

[ Explanation ]

Command Economies:

This is where production, investment and prices are all controlled and determined by the government. Command Economies are not controlled by free market. The Government decides how much a product should cost and what price they should be put for sale as.

Market Economies:

This is where the product prices and value are determined by the product keeper and/or seller. The seller decides how much they want to sell it for, not the Government. This also comes with supply and demand. Prices can increase or decrease as the seller wishes.

Tradition Economies:

This is where the economy relies on customs and history. They go by what has been done in the past and what has worked out before. Traditional Economies depend on farming, agriculture, fishing, and natural sources.


<> Arsenal <>

You might be interested in
Discuss why south africa must include renewable enrgy in its energy mix
lord [1]
If you were the use nonrenewable then eventually you were yo run out so when you use renewability then it can be reused and you won't run out and quick
3 0
3 years ago
People around the world rely on the Amazon Rainforest for all of the following resources except __________. A. water B. medicina
VMariaS [17]
I believe it’s B. Medicinal resources.
6 0
3 years ago
Read 2 more answers
Distinguish between natural vegetation and wildlife
quester [9]
Natural Vegetation means the vegetation is growing by itself for example you have been growing onions so it been grown by it self with sunlight and water Wildlife means the adaptation of animals where the animals live.
5 0
3 years ago
Could somebody explain fracture throughly? It is on the rocks and minerals topic
stepladder [879]
Fracture is the tendency of a mineral to break along curved surfaces and non-straight surfaces. Cleavage is when it breaks into flat pieces.
Hope this helped!
7 0
3 years ago
An atmospheric discharge of static electricity is called _____. electrostatic energy a current lightning a watt user: who invent
Sergio [31]
An atmospheric discharge of static electricity is called lightning.

The story goes that Benjamin Franklin invented lightning rods to protect buildings from lightning. 
8 0
3 years ago
Read 2 more answers
Other questions:
  • Which waves can travel through both solids and liquids?
    11·2 answers
  • A large geographic area is dominated by specific types of plants and animals and is characterized by a distinct climate. what is
    11·1 answer
  • What are some examples of human systems
    9·2 answers
  • Evidence of continental drift​
    8·1 answer
  • A key principle of the economic theory of communism
    12·1 answer
  •  Table Joins are best choice for ……. *
    9·1 answer
  • PLEASE HELP THIS IS DUE TODAY!!! PLEASE
    7·2 answers
  • What is coal primarily used for, and what advantages and disavantages does it have?​
    11·1 answer
  • PLEASE One of the most distinctive characteristics of the Woodland and Mississippian cultures were the largest:
    14·1 answer
  • All modern nations including India are carefully utilizing their resources so that besides meeting the requirements of the prese
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!