Economics Innovations
| Open Access |
DOI:
https://doi.org/10.37547/tajmei/Volume03Issue09-06
An Economic System And Its Elements
Nazarova Charos Bahodir Qizi , Associate Professor, PhD, Tashkent University Of Information Technologies, Named After, Muhammad Al-Khwarizmi, Uzbekistan Nazarova Gulchexra Nurmuxanbetovna , Associate Professor, PhD, Tashkent University Of Information Technologies, Named After, Muhammad Al-Khwarizmi, UzbekistanAbstract
An economic system is a set of interrelated elements that make up a common economic structure. It is common to distinguish 4 types of economic structures: traditional economy, command economy, market economy and mixed economy. The following article discusses all the four types of an economic system.
Keywords
Traditional Economy, Command Economy, Market, Production
References
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