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You can't do things things

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In a traditional economy people cannot hunt, or fish endangered species, and in certain areas people cannot start a fire.

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This is showing that your not allowed

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In a market economy some items that is not allowed to be sold are drugs that are not used in a good way, you can't sell weapons in certain places, and you can't sell endangered species.

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You can't do this in command economies

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Something that can not be allowed is that private property can not be owned by the people. The government is the owner.

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The government controls what gets produced.

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People can think of what to buy or even sell if they have a buisness.

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This is an example of how people can produce items in a traditional economy

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In a traditional economy what is being produced is what people need to survive. They can also decide how they want to produce the products. (growing, hunting, fishing)

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In a market economy it promotes free competition around everyone. Anyone can decide what to buy. People can decide what to make and sell.

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In a command economy the government supplies people with food, resources, housing and more. People don't determine what to produce.

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People back then and still now gather, fish, hunt and farm

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This is a picture of command economy back then

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This a picture of back in the days

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Market economy was created in late 18th century by Adam Smith.

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Traditional economy was created in 1942 before europeans came to America. There were many tribes.

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Command economy was created in 1917 in Russia by Vladimir Leni.

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These are some features of traditional economy

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Some feature of traditional economy is that it is based on agriculture, or hunting, trading can be used, some people in traditional economy live in groups/tribes

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These are some features of market economy.

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some features of market economy is that you have the freedom, profit, private property, and there is also competition.

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This picture shows some features of command economy.

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five features of command economy is that the government has a plan on what to do, they have some laws,  they know what to do with the products, and they assign all items to people or business.

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These are some cons of traditional economy

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Some cons of traditional economy is that competition could be high, it can be ruined by the environment, and it can cause poverty.

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These are some cons of market economy.

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Some cons of market economy is that it can cause prices of products to go very high, it will harm employees and the environment.

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These are some cons of command economy.

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Some cons of command economy is that there is lack of efficiency, and lack of competition

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This is a picture of some pros of traditional economy.

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The picture below is the flag of Haiti which is a traditional economy.

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The picture below shows that some people hunt or find food.

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This picture shows the pros of market economy.

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This is a picture of some countries that are market economy.

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The picture below shows how it works.

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the picture below shows some pros of command economy.

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This picture below shows some countries that are command economy.

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The picture below shows how the government controls what is being done.

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some advantages of command economy are that there are low level of unemployment, and low levels of inequality.

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some advantages of traditional economy are that they do not harm as bad to the environment, and everyone in the economy knows what do.

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some advantages of market economy are that each individual can make there own decisions and also there is efficient productivity.

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some countries with Traditional economy are Bhutan, Haiti, and some countries in Africa.

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some countries with market economy are Switzerland, United States, Canada, United Kingdom, and Hong Kong.

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Traditional economy is a system where its prices and products depend on their tradition, beliefs, history or customs.

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Some countries that are command economy are North Korea, Russia, Cuba, Iran, and China.

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Command economy is a system where the prices, products, and incomes are controlled by the government.

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Market economy is a system where prices and products are determined by supply and demand.

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Traditional economy Command economy
Market economy