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Classified in Economy

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economic system

what is produced

how is produced

who it is produced for

tradicion-based system

depends on the resources in each or the importance of the marked

based on aciend customs incorporated in rules and laws

for the comunity

mixed economy system

determined by the free marked and the stafe

by private compaties at the lovest possible cost and by the state based on its goals

determined by the market, but the state takes action to guarantee aqual opportunities 

capitalism

decides by the free marked system of supply and demand

production at the lownest possible cost

determined by the market 

central planning system

determined by the state

based on goods by the state

determined by need



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