How do a traditional economy, a market economy, a command economy, and a mixed economy differ?
First, a market economy is free market capitalism like in our country (U.S.), next, command economy would be like communism where all production and distribution of goods is planned and distributed by the government, next, mixed economy would be an economy that is closer to socialism where you have private ownership of property but a fairly even distribution of wealth controlled by the state. I am not sure what you mean by traditional economy except that maybe you mean a mixture of several forms similar now to China which is now a quasi communist country. Great Britain is a mixed economy between capitalism and socialism. Our country has continually moved more and more toward socialism. Obama is a socialist regardless of what he and others claim.
