What are the three types of economic systems used in the world today?

Three type of economic Systems as :

1- Capitalist Economic System - It depends on the free market only

2- MIX Economic System - It depends on the two sectors: Governmental sector and Private Sector but both are monitored and controlled by the State

3-  Socialist Economic System- It depend on the long term planning which is completely controlled by the State

Free Market, Command & Mixed economies

 

An economy is a system whereby goods are produced and exchanged. Without a viable economy, a state will collapse. There are three main types of economies: free market, command, and mixed. The chart below compares free-market and command economies; mixed economies are a combination of the two.