Economic systems can be classified into traditional, command, and market-oriented types, with most economies being mixed. Different countries have varying degrees of government involvement in their economic decisions.
In economics, societies can be organized into traditional, command, or market-oriented economies. Most real-world economies are mixed, combining elements of these systems. The U.S. tends towards a market-oriented system, while countries like China and Russia lean more towards a command economy. Governments play varying roles in different economic systems, impacting resource allocation and production.
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