Economic Systems. Traditional, Command, Market. Economic Systems Overview … Copy underlined info. Economics- the study of how people, businesses & countries use their limited resources ( ie : money & materials)
Traditional, Command, Market
**How they answer these 3 questions will determine how successful the country is.
The bread is a need (food)—the IPOD is a want.
***Most Economic System are MIXED (Command Economic system mixed with Market economic system).***