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Example of what part of a Traditional Economy looks like.

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Example of what part of a Traditional Economy looks like.

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In a Traditional Economy there are few careers to choose from.

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In a Traditional Economy there are few careers to choose from.

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A Traditional Economy takes a lot of work and sacrifice to be able produce what they need to live.

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A Traditional Economy takes a lot of work and sacrifice to be able produce what they need to live.

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In a Traditional Economy they tend to have less pollution which is better for the environment and our planet.

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In a Traditional Economy they tend to have less pollution which is better for the environment and our planet.

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In a Traditional Economy almost every member of the community has an important role to provide.

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In a Traditional Economy almost every member of the community has an important role to provide.

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Command Economies create a higher Employment rate.

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Command Economies create a higher Employment rate.

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The government pays almost everyone the same amount.

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The government pays almost everyone the same amount.

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In a Command Economy the government says what they need to be made and they have employees make it for them.

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In a Command Economy the government says what they need to be made and they have employees make it for them.

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In this type of economy there is less prejudice.

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In this type of economy there is less prejudice.

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In a command Economy, the government controls what is produced.

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In a command Economy, the government controls what is produced.

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In a Market Economy, companies try to find the simplest and most profitable way of making their product.

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In a Market Economy, companies try to find the simplest and most profitable way of making their product.

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In a Market economy businesses have to find a way to provide their products to the consumer at the lowest price compared to other businesses while making profit.

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In a Market economy businesses have to find a way to provide their products to the consumer at the lowest price compared to other businesses while making profit.

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Representations of the different parts of Market Economy.

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Representations of the different parts of Market Economy.

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In a Market Economy, companies goals are to create a demand in a product so that consumers will spend more on it.

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In a Market Economy, companies goals are to create a demand in a product so that consumers will spend more on it.

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In Market Economy businesses compete against each other to try and gain the most customers for their product.

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In Market Economy businesses compete against each other to try and gain the most customers for their product.

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In market economy people will fill certain demands in return of compensation.

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In market economy people will fill certain demands in return of compensation.

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Market Economy works on the basis of supply and demand.

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Market Economy works on the basis of supply and demand.

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In a Traditional Economy the goal is to have enough for their necessities.

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In a Traditional Economy the goal is to have enough for their necessities.

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A Traditional Economy is an economy that doesn't focus on making profits, instead they just produce what they need.

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A Traditional Economy is an economy that doesn't focus on making profits, instead they just produce what they need.