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(Anderton, 2000) Individually there are consumers that consume outputs that are produced by producers in order to satisfy their wants. In a much bigger extent are the firms or trade unions that have bigger influence in the economic system. The most influential ?actor' in an economic system is the government who exercise power and maintain the economic stability. (Anderton, 2000: 273)
There are three types of economic systems, first is the market economy that works according to the price mechanism, next is the planned economy where centralisation is being applied. Of course, both of the mentioned economic systems do not exist in pure form but in a fusion form...
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