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Economies (Graded!), A Mixed Economy is one of the most common economies…
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A Mixed Economy is one of the most common economies in the world today. Many Nations have a Mixed economy. A Mixed Economy is classified by how much government intervention is there 
An Economy is the way a Nation makes economic choices about how the nation will use its resources to produce and distributes it's services around the world
A Command Economy is when all resources is Government owned, including all of the people, land and entrepreneurship. They decide WHEN and HOW the resources are used and WHO it all is going to be given to
Advantages are that there is FULL CONTROL over what is going on with the resources and how they are used and who is under their usage.
Disadvantages are that Freedoms are restricted and people will be trying to gain the freedom with Black Markets.
Resources or the Factors of Reproduction are the things that are used in producing the items , like the Labor and the Land
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Free Market, The free market is an economic system based on supply and demand with little or no government control.
Prices are determined by market forces, competition brings down prices, adjusts to change easily
May make it difficult for the government to provide social services. There are occasionally market failures. People can make choies that are harmful t themselves and others
Traditional economies rely on customs, history, and traditions
Advantages: Little friction among members due to little competition, Individual roles are clearly defined, the system is generally well understood
Disadvantages: Changes are slow, does not allow for growth and development, does not take advantage of technology
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Mixed Advantages are the resources are transported to where they need to be. Production is also improved and the Supply and Demand gets measured through pricing not Regulation