The are modern economic systems and there are the more traditional economic systems.Basic types are- Market economy-Planned economy(command economy)-Mixed economy-Developing economy
Market economies are usually advocates of capitalism.Planned economy - communismMixed economy-market socialism
Back in the days they were systems such as feudalism in place.
You can read up more on this topic at en.wikipedia.org
Market economies are usually advocates of capitalism.Planned economy - communismMixed economy-market socialism
Back in the days they were systems such as feudalism in place.
You can read up more on this topic at en.wikipedia.org
