Economic Systems

MIXED An stinting placement that includes a mixture of capitalist economy and socialism. This vitrine of stinting system includes a combination of undercover stinting freedom and centralized economic planning and government regulation. traditionalistic A  traditionalistic economy is a system where traditions, customs, and beliefs decide the goods and products the decree creates. Countries that use this type of economic system  be practically rural and farm-based. Also known as a subsistence economy, a traditional economy is defined bybartering and trading. Little overindulgence is produced, and if all excess goods argon made, they ar typically stipulation to a ruling authority or landowner. Hunting, gathering, and cultivation are the important tasks for workers in a traditional economy. There are proficient-size parts of the worlds population that still work in traditional economies, primarily in third-world countries with larger indigenous po pulations. Underdeveloped areas of atomic number 16 America, Africa, and Asia still rely on this type of economy for survival.

competitive Economy - an economic system based on orphic ownership of capital ECONOMIC SYSTEM is comprised of the various processes of organizing and motivate labor, producing, distributing, and circulating of the fruits of forgiving labor, including products and services, consumer goods, machines, tools, and other technology used as inputs to future production, and the foot inside and through which production, distribution, and circulation occurs.  These processes are overdetermined by the politica l, cultural, and environmental conditions wi! thin which they come to exist.  In comparative economic systems, these economic systems are usually defined within classical political boundaries. SOURCES: hypertext transfer protocol://www.mtholyoke.edu/courses/sgabriel/econ_system.htm http://www.wisegeek.com/what-is-a-traditional-economy.htm http://www.investopedia.com/search/default.aspx?q=traditional+economic+system&submit=Search#axzz3qDYTgG4W...If you want to get a full essay, order it on our website: BestEssayCheap.com

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