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 questions., 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., Trade and barter for needs., People stay in their role and traditions., Mixed Economy: All economies in the world., Combines government regulations with privately owned business., Has elements of all economic systems., Trade and barter for wants.,

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