IntroductionEconomic SystemsAn economic system is a model of organization that aims to solve the three central questions. There are four mechanisms that can be used to solve economic problems. There are four systems in which countries can operate: The command system The traditional system The market system The mixed economy systemMarket systemAccording to P Mohr (2008:30) The market system is an economic system characterized by individualism, private liberty, private ownership, property rights, decentralized decision making, and limited public intervention. A market system is driven by self-interest. The only important role played by the government would be to create a framework of rules, within which both individuals and businesses could conduct their business, the motive is profit in this system, individuals will benefit . from this in the long term. (Adam Smith 1766) states that the market mechanism functions as an invisible hand that coordinates the selfish actions of individuals to ensure that everyone is better off. Smith points out...