There are numerous sorts of economies around the globe. Each has its distinctive attributes, even though they all offer some fundamental highlights. Every economy capacities are dependent on a novel arrangement of conditions and suppositions. Economic systems can be arranged into four primary sorts: mixed economies, market economies, traditional economies, and command economies. In the real(actual) world, no given type of the economy exists purely because the purest form of the economy does not exist in the real world. In the world, each country is properly interconnected with the international trade also they adjust their policy and norm according to the trading partner economies. So we can say that there is no pure form of the economic system exist and countries are bit or more mixed economies.
Step by step
Solved in 2 steps
