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- What to produce? agriculture, fishing, hunting, gathering, or some combination of them
- Traditional Economy
- How to produce? agriculture, fishing, hunting, gathering, or a combination.
- For whom to produce? Tribe and Families
- What to produce?guns, tanks, and missiles
- How to produce?The government decides the means of production and owns the industries that produce goods and services for the public
- Command Economy
- For whom to produce? The government
- For whom to produce? Businesses responding to the wants and desires of consumers
- What to produce?the wants of the consumers and the profit motive of the producers will decide what will be produced
- How to produce?the producer gets to decide what to produce, how much to produce, what to charge customers for those goods, and what to pay employees.
- Market Economy
- How to produce?A mixed economy may emerge when a government intervenes to disrupt free markets by introducing state-owned enterprises (such as public health or education systems), regulations, subsidies, tariffs, and tax policies.
- For whom to produce? Goods and Services
- Mixed Economy
- What to produce? Public Goods
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