Economic types
The Economic types
What is market, command, and traditional
The social market economy
What is Germany
The economic type that is based off of customs and traditions.
What is a traditional economy.
The government controls large industries
What is Russia
The freedom-based Economy and controlled by private businesses.
What is market economy
The Private businesses have less economic freedom.
What is Russia
The elements of each type of economy are used.
What is mixed economy.
The most mixed market
What is the UK
The government controls everything.
What is command economy.
The government is more involved in the economy to provide healthcare and education
What is the UK