What are the different types of Economic systems john Smith What are the different types of Economic systems2014-05-19T10:51:47+00:00 › Forums › Economics Assignment Help › What are the different types of Economic systems Tagged: economics assignment help This topic contains 1 reply, has 2 voices, and was last updated by kingsly 6 years, 8 months ago. Viewing 2 posts - 1 through 2 (of 2 total) Author Posts May 19, 2014 at 10:51 am #15380 john SmithParticipant What are the different types of Economic systems? May 19, 2014 at 11:04 am #15387 kingslyParticipant Answer: Economic systems keep the world economy balanced and controlled. There are there are 4 basic classes and many types of economic systems. Persons own and operate different factions of production in the market economy. When the government owns and operates all of the factions of production. Third is the traditional economy whose basis is culture and tradition based on agriculture and hunting. Fourth on is the mixed economy which is a system where both market and command economy systems are used. Author Posts Viewing 2 posts - 1 through 2 (of 2 total) You must be logged in to reply to this topic.