Economic systems refer to the structures and methods by which societies organize and distribute resources, goods, and services. There are different types of economic systems, including market economies, command economies, and mixed economies. Market economies rely on supply and demand to determine prices and allocate resources, with limited intervention from the government. Command economies are centrally planned, with the government making decisions on production, distribution, and pricing. Mixed economies combine elements of both market and command economies, with varying degrees of government involvement in the economy. Researchers in this field study how different economic systems impact economic growth, income distribution, and overall societal well-being. They analyze the strengths and weaknesses of each system and consider how changes in economic policy and regulation can influence economic outcomes. Additionally, economists may also explore the implications of globalization and trade on different economic systems.