What Are The Four Economies?

Photo by Adrian Trinkaus on Unsplash

Economics 101 teaches that there are four basic types of economic systems: the Traditional Economic System, the Command Economic System, the (Free) Market Economic System, and the Mixed Economic System. While it’s important to look at each one to see how humans have developed the civilization we’re dealing with, beyond the systems we’ve created, there are three types of economies that don’t usually get discussed in the classroom, but must…

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Steve McAlphabet

Steve McAlphabet

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I am planning a 74 day motorcycle tour to celebrate the legacy of Will Rogers and perform my show “Get The Bunk Out” in the Fall. www.stevemc.xyz.