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Go to: http://regentsprep.org/regents/global/themes/economic/index.cfm

Write one sentence summarizing each system. Then, find one country (on the internet) in the world that follows each system. (One for command, one for mixed, one for traditional). Remember, no system exists in a pure state so just get as close as possible.

Categories: Homework
  1. Danelly R.
    March 10, 2010 at 7:56 pm

    Market: A market economy depends mostly on a persons income, controlled my forces of supply and demand, there is very little government control.

    Traditional: Traditional economy are badsed more on farming , growing your own crops, herding your own animals to eat, and also barter trading.

    Command: A command economy is ran by the government, all decisions are made by the government.

    Mixed: A mixed economy is a mixture of mostly market and command economy.

    Traditional: India
    Command: Cuba
    Market: France
    Mixed : U.S

  2. Robert A.
    March 8, 2010 at 11:41 pm

    Traditional Economy: is a economy that has been passed on usually by ancestors and is based on trade and barter.
    Market: is based on the consumers and producers with little government control.
    Command: everything is controlled by the government. Government makes all decisions.
    Mixed: consist of combination of either tradition, command or market.

    Traditional- Philippines
    Market- Germany
    command- Saudi Arabia
    mixed- USA

  3. March 8, 2010 at 10:03 pm

    First, a market economy is free market capitalism like in our country (U.S.), next, command economy would be like communism where all production and distribution of goods is planned and distributed by the government, next, mixed economy would be an economy that is closer to socialism where you have private ownership of property but a fairly even distribution of wealth controlled by the state. I am not sure what you mean by traditional economy except that maybe you mean a mixture of several forms similar now to China which is now a quasi communist country. Great Britain is a mixed economy between capitalism and socialism. Our country has continually moved more and more toward socialism.

  4. Cruz A.
    March 6, 2010 at 10:34 pm

    TRADITIONAL- An economy based on agriculture.;an economy based on custom and tradition.
    MARKET- is an economy based on supply and demand that usually focuses on consumer goods; the government has little control over this system.
    COMMAND- System that usually focuses on industrial goods. This system is controlles by a strong, centralized government which makes decisions about production, distribution and consumption.
    MIXED- Combination of a market and command economy.

    Traditional: Philippines
    Market: Portugal
    Command: Germany
    Mixed: United States

  5. jisselle gonzalez
    March 3, 2010 at 9:19 pm

    a traditional econmy is based on a self contained community. their occupation is farming, fishing and herding. people make a living in the same way as they done in a long time like thier ancestors.

    a market economy is based on consumer goods and peoples income. the government has little control on this economic system.

    a command economy is based on government. The government has control over this sytem. Every decision is made by the government and this is usually focued on industrial goods.

    a mixed economy is a combination of a market and command economy and the U.S and europe are under this system.

    mixed-U.S and Europe

  6. Arlene L.
    March 3, 2010 at 5:13 pm

    A Traditional economy is when thing are done in the same oder as there family would have done it.This is based on agriculture, fishing and herting.
    A Market economy is based on dicussion among production and distribution are made by companies and individuals.
    A Command economy is the decision that the government makes on how to production is going to be distributed and consumed.
    A Mixed economy is a variety of private and government control,it can also be a mixture of capitalism and socialism.

    Traditional- Nepal
    Market- france
    Command- China
    Mixed- The United States

  7. Angel T.
    March 2, 2010 at 10:12 pm

    Traditional: is a type of economy in which ever thing is done the same way your anscestor have done, their is little change in the way of live, its usally based on agriculture but can be herting and fishing.

    Market: is a economy based on supply and demand, dicussion about production and distribution are made by companies and individuals.

    Command: a economy in which a strong centralized government makes dicussion on how to produce the good and how will it be distributed.

    Mixed: is a mixed ecomony that consist of market and command.

    Command:North Korea
    Mixed:The United States

  8. Wendy.S
    March 2, 2010 at 7:17 pm

    traditional: is based on agriculture,usually its a tradtion passed on,people make a living in the same way since along time.its a working society based on farming fish etc.
    Command:is planed and directed by the central government,every decision is made by the government,this is usually focused on industrial goods and pays little attention to agriculture and consumer goods.
    Market:is a good and service only by the interaction of a country citizen and business,government doesnt get involved.
    Mixed:a Combination of Market and Command economic systems.

    mixed: Australia

  9. nicole p
    March 2, 2010 at 5:37 pm

    traditianal economy: as its name says it is based on tradititon and custom and the same system is still follow through out the years and is also based on self sufficiency.
    market ecomony:the economic decisions are gaided solid by the interaction of a country citizen and business distrubution are mostly made by companies.
    command economy:the decisions made in this form of economy are mostly made by the goverment

  10. Andres B.
    February 25, 2010 at 4:10 pm

    A traditional economy- is an economy based on custom and tradition. This type of economy ensures that every member of society has a purpose and as well, a participatory function in society.

    A market economy- is economy based on the division of labor in which the prices of goods and services are determined in a free price system set by supply and demand.

    A command economy- is an economy where supply and price are regulated by the government rather than market forces. Government planners decide which goods and services are produced and how they are distributed.

    A mixed economy- is an economic system that includes a variety of public and government control, or a mixture of capitalism and socialism.


  11. Lazaro F.
    February 25, 2010 at 12:31 am

    Traditional: is based on agriculture and barter trading. Some examples of this type of economic system are the Neolithic farming villages and the first river civilizations.

    Market: This type of economic system is based upon supply and demand and it’s usually focus on consumer goods. The government has little control.

    Command: is the type of economic system in which the decisions about production, distribution, and consumption are made mostly by a strong centralized government. It tends to focus on industrial goods.

    Mixed: A mixed economy is a combination of market and command. Currently the U.S and European nations are under this type of system.

    Traditional: Indonesia
    Market: Portugal
    Command: Saudi Arabia
    Mixed: United States

  12. Santiago I.
    February 24, 2010 at 10:24 pm

    Traditional: is based on self-sufficiency, with barter as the form of trade.
    Market: consist in the decisions about production and distribution are made mostly by companies and individuals.
    Command: is the way in which decisions about production, distribution and consumption are made mostly by the government.
    Mixed: consists in the combination of Market and Command economies for the control of the goods for consumers.

    France: Mixed Economy
    Hong Kong,China: Traditional Economy
    Germany: Command Economy

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