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Types of Economies (Traditional Economy (zaW3kPodKFSKU8a4xQXuMT7E, Family…
Types of Economies
Traditional Economy
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It's mainly decided by custom or tradition, or family or tribe history
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An African tribe that makes baskets and other items from weaving for a living, based completely on family history and tradition.
Free Market Economy
The company's founder, or C.E.O
The company C.E.O, or the founder
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Mixed Economies
The government makes decisions for the public, and the public makes decisions for businesses
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