Open AccessAn Economic System And Its Elements
Author(s) -
Nazarova Charos Bahodir Qizi,
Nazarova Gulchexra Nurmuxanbetovna
Publication year - 2021
Publication title -
the american journal of management and economics innovations
Language(s) - English
Resource type - Journals
ISSN - 2693-0811
DOI - 10.37547/tajmei/volume03issue09-06
Subject(s) - economic system , set (abstract data type) , economic analysis , planned economy , economics , economy , computer science , classical economics , programming language
An economic system is a set of interrelated elements that make up a common economic structure. It is common to distinguish 4 types of economic structures: traditional economy, command economy, market economy and mixed economy. The following article discusses all the four types of an economic system.