Developing countries are more likely to have traditional economies, while real-world economies tend to be mixed with elements of command, market, and traditional systems.
In developing countries, traditional economies are more likely to be prevalent. These economies allocate resources based on rituals, habits, and customs, shaping societal roles and expectations. On the other hand, command economies prioritize goals set by a ruling class or leader, historically seen in societies like Ancient Egypt and medieval manors.
Most real-world economies are mixed, encompassing elements of command, market, and traditional systems. Countries like the U.S. lean towards a market-oriented economy, while others such as China and Russia still exhibit traits of a command economy despite evolving towards market orientation.
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