How four types economic system solve problem?

Question

how they make decision to solve problem for four economic systems

Answer 1

This question should be asked in the Education & Reference category under Homework Help.

Answer 2

Presuming that these are the systems meant by the questioner:

1. MARKET ECONOMY - a free price system set by supply and demand.

  Usually more efficient than a planned economy because decisions are made individually rather than determined centrally.

2. PLANNED ECONOMY - government manages the economy.

  Severe disproportionate distribution of wealth or concentration of key resources

3. MIXED ECONOMY - a mixture of 1 & 2

  Public ownership of key industry sectors usually in a market economy

4. TRADITIONAL ECONOMY - resources are allocated by inheritance.

  Lingering result of feudal systems

Answer 3

You should probably copy the book exactly... we have no idea what you're talking about.

Answer 4

i dont get the point........