TYPES OF

ECONOMIES
1.

2.
 Command / Market Mixed Economic
Planned or System
Economic Free Market
System Economic
In a command economic System
system, a large part of the
economic system is
controlled by a centralized
power that is government
Command Economy
Mixed Economy

Market Economy
•
•

•
•

Examples of transition economies

onomies
Armenia, Azerbaijan, Belarus
Georgia, Kazakhstan, Kyrgyzstan
Republic of Moldova, Russian Federation
Tajikistan, Turkmenistan
Ukraine, Uzbekistan

1. In many countries, a severe recession followed in the early stages of transition.

2.
3.
 1. Start with the definition of the
issues discussed.
2. Talk about who are the different
decision makers and how they
face scarcity.
3. Conclusion.

1. Start with explanation of various economic

system and their relation with scarcity.
2. How each deals with the issue of scarcity
3. Conclude by providing a solution to scarcity
 on
diti
e E
em
M