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Types of economy

How Many Types of Economy ?

October 6, 2020

An economy is a system in which goods are produced and then exchanged. A state will most probably collapse without a viable economy. Every economy in the world is unique in itself in some way or the other. Economies are never identical. Still, these economies have many similarities in the case of their features and characteristics. There are four types of economies-¬†free-market economy, command economy, traditional economy, and mixed economy. The Four types of Economies Free-Market Economies: Free-Market Economies are …

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