About economics and the meaning of 3 economic systems traditional, command, market.
traditional i undestand as peooples ecomonic passed down from previoius generations, traditions decide what theses people do for a living and how work is done.
command the maid decision maker is the government no person may independently decide to open and run any kind of business.
market: it is one nations economic decision are the result of individual decisions by buyers and sellers in the market place.
Explain how do the following types of economics systems capitalism , socialism, and communism fall under : market , tradition, and command.