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  • What Are The 3 Types of Economic System

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    maylynstbl03
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    There are three main types of economic systems: capitalism, which is based on private ownership and competition in a free market; command socialism, where the government owns and controls the means of production; and mixed economy, which combines elements of both capitalism and socialism by having both private and public ownership of industry.

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    What are the 3 Types of Economic System

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    There are three main types of economic systems: capitalism, which is based on private ownership and competition in a free market; command socialism, where the government owns and controls the means of production; and mixed economy, which combines elements of both capitalism and socialism by having both private and public ownership of industry.

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    © All Rights Reserved
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    18 views6 pages

    What Are The 3 Types of Economic System

    Uploaded by

    maylynstbl03
    There are three main types of economic systems: capitalism, which is based on private ownership and competition in a free market; command socialism, where the government owns and controls the means of production; and mixed economy, which combines elements of both capitalism and socialism by having both private and public ownership of industry.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 6

    What are the 3 Types of Economic System

    Introduction

    Types of Economic System


    Capitalism & its Elements
    The Command Socialism & Its Element
    The MIxed Economy & its Element
    The Essential Goals of Economic

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