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Economys

Published on May 06, 2016

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1.

Economys

Traditional, Command, & Market
2.

Traditional Economy

3.

Advantages

  • Based on Custom and tradition.
  • Production of goods for peoples survival
  • Harmony among people
4.

Disadvantages

  • Resources are allocated by inheritance
  • Goods/ Services are produced according to demand
5.

Examples of Economy

Social oriented market economy
6.

My Lifestyle

  • My life would be family oriented and we would buy and well goods together.
  • We wouldn't be that rich but we will sustain.
7.

Command Economy

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