Economics Innovations
OPEN ACCESS
An Economic System And Its Elements
DOI
Crossref DOI
10.37547/tajmei/Volume03Issue09-06
tajmei
2021
VOL. 3
/ NO. 09
SEPTEMBER
RESEARCH OVERVIEW
Abstract
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.
RESEARCH TOPICS
Keywords
Traditional Economy
Command Economy
Market
Production
SOURCES & SCHOLARSHIP
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