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We have got to learn about all types of economies. In traditional people trade with no-oooo money. But in marketing, private owners use supply and demand. With Command, all decisions are made by the government. Na Na Na Na, Na Na Na Na, Hey Hey Hey, economies Emerging Markets Western Europe Older countries Lower Infant Mortality Rate Higher GDP Eastern Europe Newer countries Higher Infant Mortality Rate Lower GDP Emerging Markets Emerging Markets The economy of a developing country in the process of rapid growth and industrialization.