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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