TYPES

OF ECONOMIC SYSTEM
Moroz Daria
 IN MODERN ECONOMIC
THEORY, THERE ARE 4
TYPES OF ECONOMIC
SYSTEMS

Traditional Command Market Mixed

Economic System Economic System Economic System Economic System

Traditional economy

Is the earliest economic system in

which traditions and customs play a

major role in creation, exchange and

distribution. Manual labor is also

widespread in it.
Command economy

a system that is based on the

principles of free enterprise,

competition, as well as on

contractual relations between

business entities. In a market economy,

government intervention in economic

activity is limited.
 Market economy

a system in which almost all economic

resources are owned by the state, and

the economy is managed through the

state plan.
 Mixed economy

a system in which elements from

different economic systems are

combined. In it, the state and the

private sector play an important role

in the production, distribution,

exchange and consumption of all

resources and material goods.

We examined what an economic system is

and what types of economic systems

exist, how the relationship between the

producer and the consumer is

organized, affects not only the

appearance of the state, but also

society as a whole.
Thank you for the attention