Question

Write a paragraph explaining the benefits of one of the economic systems below . Make a strong argument as to why this system is better than the others.
Economic systems
⬇️
traditional economy
market economy
command economy
mixed economy

Answer 1

Mixed economy is usually a market and a command economy mixed together. This type of economy is better than others since it has some government regulation but not total regulation. Since market economies are ruled by only consumers and command are only ruled by governments, it can cause a lot of economic problems for both, with businesses and fraud, so having a balanced mix between the two is better. (Sorry i have bad grammar english is not my first language