Editing Economic system (section)

=== By resource allocation mechanism ===
The basic and general "modern" economic systems segmented by the criterium of [[resource allocation]] mechanism are:
* [[Market economy]] ("hands off" systems, such as ''laissez-faire'' capitalism)
* [[Mixed economy]] (a hybrid that blends some aspects of both market and planned economies)
* [[Planned economy]] ("hands on" systems, such as [[state socialism]], also known as "command economy" when referring to the [[Soviet-type economic planning|Soviet model]])

Other types:
* [[Traditional economy]] (a generic term for older economic systems, opposed to modern economic systems)
** [[Non-monetary economy]] (without the use of [[money]], opposed to [[monetary economy]])
** [[Subsistence economy]] (without [[economic surplus|surplus]], exchange or [[market trade]])
** [[Gift economy]] (where an exchange is made without any explicit agreement for immediate or future rewards and [[Profit (economics)|profits]])
** [[Barter economy]] (where goods and services are directly exchanged for other goods or services)
* [[Participatory economics]] (a decentralized economic planning system where the production and distribution of goods is guided by [[Participation (decision making)|public participation]])
* [[Post-scarcity economy]] (a hypothetical form where resources are not scarce)