Use the drop-down menu to complete each sentence. A economy usually stresses the equality of all citizens. A economy aims to be self-sufficient. A economy relies more on bartering than money. In a economy, private businesses are encouraged.

Command, Closed, Traditional, Mixed Market

Explanation:

Command

A type of economic system where production, investment and the allocation of capital goods takes place according to economic and production plans is called planned economy.

Closed

An economic system that doesn't allows trade with outside economies is called closed economy. It is a self sufficient economy, it means no goods are exported or imported. The main purpose of closed economy is to provide domestic customers everything they need from the domestic industries.

Traditional

The economy in which traditions and customs shape the services and goods produced in an economy. They also affect the manner of their distribution. This type of system is used by the countries that are farm based and rural.

Mixed Market

The economic system having both the element of market and planned economies is called mixed market economy. US and France are examples of mixed market economy.

Use the drop-down menu to complete each sentence.

A command economy usually stresses the equality of all citizens.

A closed economy aims to be self-sufficient.

A traditionally economy relies more on bartering than money.

In a mixed market economy, private businesses are encouraged.