Which of the following is NOT considered a major type of economic system?

A major type of economic system is defined by the way resources are allocated and how economic decisions are made. Among the recognized categories, market economies, mixed economies, and traditional economies clearly fit within the established framework.

A market economy emphasizes supply and demand with minimal government intervention, allowing individuals to make decisions that drive consumer behavior. A mixed economy combines elements of market and planned economies, incorporating both private and public sectors to drive economic activity. Traditional economies rely on customs and traditions to dictate economic activities and resource distribution.

The term "control economy" is not widely recognized as a standard classification in economic systems. Instead, terms like "command economy" or "planned economy" are more accurately used to describe systems where the government makes most economic decisions and controls the means of production. This distinction is important as it highlights how economic systems are analyzed and categorized in economic studies. Therefore, labeling "control economy" as a major type of economic system does not align with established terminology in the field.