Command Economy: The Government answers the 3 economic questions, In this country, people are assigned a job, Prices set by the government, Government sets business, no competition allowed, Market Economy: Private citizens answer the three economic question, In this country people choose their jobs, Prices set by customers and businesses, Competition between businesses is common, Traditional Economy: Traditions and customs (the way it has always been done) answer the 3 economic questions, In this country, people do the jobs of their parents, Barter and trade for needs, People stay in their role and traditions, Mixed Economy: ALl economies in the wordl, Combines government regulations with privately owned business, Has elements of all economic systems,

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