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Hello. This is my (sort of) practice for a geopraphy quiz I have tomorrow:

Market economies: are economic systems in which decisions are made by everyone acting on his or her own. There is no form of centeral control on people's economic decisions. Example: United States.

Traditional economies are based on hunting or gathering. Economic decisions are based on what people did in the past. (No example)

Command econimies are economies in which decisions are made by a small group of people for everyone else. Example: Soviet Union

Mixed Econimies are systems in which desicions are made by a combination of consumers, buisinesses and the government. Example: Canada!