compare and contrast the major economic systems as discussed in sections 1-3 of your textbook and discuss why most countries are not purely one system, but are a mixed economy.

discussion post 1:Discussion Prompt: Economic Systems
Economics is the study of how wealth is created and distributed (Pride, Hughes, & Kapoor, 2019, p. 13). As your text further describes, wealth is anything of value, including goods and services produced and sold by business (p. 13). Economic foundations of business play a very important role in how business is conducted throughout the world.
For this weeks discussion, compare and contrast the major economic systems as discussed in sections 1-3 of your textbook and discuss why most countries are not purely one system, but are a mixed economy.
book: Pride, W. M., Hughes, R. J., & Kapoor J. R. (2019). Foundations of Business (6th ed.). Cengage [ISBN: 978-1337386920]