Question

Define:

Answer 1

Explanation:

traditional economy:It is an economic system in which tradition,customs and belifs shape the goods and services the economy produces.

Communist economy: It is an political idea that position itself in opposition to liberate democracy and capitalism.

Free enterprise economy: It is a type of economy where products prices and services are determined by the market,not by the government.

Mixed economy: It is an economic system combining private and state and enterprise.