Prepayment definition: A prepayment is a payment that you make before you receive goods or services, or before a... | Meaning, pronunciation, translations and examples
A traditional economy is an economic system where decisions are  based on customs, beliefs, or religion within a social community.  People work together to produce goods to â¦ meet their needs, and  share with family. They trade with their community/family with  their excess.
A communist economy is one of the three types of economic system. The two others are the capitalism economy and the mixed economy. The communist economy is also known as the â¦ planned economy.In a communist economy, it is fully operated by the government.There are only state owned and controlled businesses. communist economy is one of the three types of economic system. The two others are the capitalism economy and the mixed economy. The communist economy is also known as the â¦ planned economy.