How many types of economies exist in the world?

A traditional economy mainly appears in ______countries.

In a traditional economy, the goods and services are traded with other countries.

A traditional economy is also known as __________

A combination of all the types of economies

Here, the government takes control of the whole economy.

In this type of economy, the freedom of the individual in terms of choices of products, services and prices is given importance.

The four types of economies in this world are

When a person works with natural resources, it is called as ________

When a person works with raw materials in order tp produce more expensive products, it is called as ________