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not everyone is guaranteed a good job or successful business

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there's no reason to work hard or be the best.

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the more powerful types of economies can take advantage of them.

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no economic conflict between citizens, lack of electrical energy is good for the environment

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these are the ways people acquire goods in traditional economies you don't see people inventing and manufacturing things.

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Industries like video games and entertainment do not take place in traditional economies
but in things like food and clothes and even those don't get to fancy

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your job depends on what your parents once did. In other words you inherit the family business.

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Traditional economies are usually how countries starts. Then they later develop a market or command economy.
America was once a traditional economy

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this type of government follows the traditions of a culture.

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the government determines how many customers you can have and what your prices should be so you don't want a ruler who has a grudge against you

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the government determines what materials you can use to make your product which can determine how well your product works

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the goal of getting your job done is to help and improve the society. the money you make goes toward things like free healthcare and education.

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the government decides which job you will have

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since people choose what they want to buy or sell business owners determine weather they succeed or fail.

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either the government owns all the property or it is owned by all the citizen

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everyone is guaranteed an good income.

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Competition motivates people to be the best of the best which leads to better products

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Companies may compete customers by lowering there prices and/or be creative with there good or service making them different and better than their competitors.

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the government decides what can and cannot be sold, what you can use to sell those things, when you can be open etc.

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Supply is how much of something is in stock, and demand is how many people want or need that thing. If supply is greater than demand, then prices will go down in order to get rid of the extras. If demand is greater that supply, then prices will go up so that the don't run out.

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the government only plays a role when companies become monopolies (become the only company in an industry) they may also step in if people are selling things that are dangerous such as drugs.
Monopolies are a lot like the game Monopoly.

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people own there own property for example your house belong to you

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Eskimoes and Amish are examples of Traditional Economies

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china is an example of a Command economy

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the people make decisions on what they should buy or sell based in what they think is right for them. the goal of a buissnes is to profit (make money)

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America is an example of a market economy