holiday homework explain the central problem of an economy and solutions to the central problem by different types of economies​

capitalism : people can own property and businesses. prices for products are determined by customers & other competitors. things are done and made for customers

socialism : everything is done and made for the benefit the country. government sets the prices for products.

mixed economy : everything is done and made for the benefit the country and customers. prices for products are determined by customers & other competitors but the government acts like a cop to prevent unfairness and tries to make sure everyone has their basic needs met

i feel as if they would both catch on before to long because they would see them to frequent