Matching Pairs Economic SystemsOnline version Economic Systems by Michael Loret 1 Free Market Economy 2 Command Economy 3 Mixed Economy 4 Traditional Economy People are free to buy and sell as they please; economic decisions made by people, based on competition and supply and demand. Used by primitive societies; economic decisions based on tradition, what was done before. A mixture of different economic systems. In USA, mostly free market with some government involvement (command). Government-centered; all economic decisions made by the government. Government determines what is produced and who gets access to goods and services.