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Nearly all modern economies in the world today have characteristics of both market and command economic systems. That is why they are called mixed economies. Traditional economies are very hard to find and could not function effectively for a whole nation. Nearly all the countries in Southwest Asia today would best be described as mixed economies, as they have the characteristics of a free market and free enterprise as well as some government planning and control.

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11y ago

Most Countries Have A Mixed Economy!!!:0

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11y ago

A Mixed Economy!;0

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Q: Why do most countries operate somewhere between a command and market economy?
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How do most countries strike a balance between having a pure economy and a command economy?

Most Countries Have A Mixed Economy!!!:0 Oh Yeah We Ballin


What type of economy does a democracy have?

Democratic countries usually have a mixed economy, somewhere between capitalism and a free market economy.


3 countries with a command economy?

Three countries with a command economy are, North Korea, Vietnam, and Cuba.


What type of economy does a democracy country have?

Democratic countries usually have a mixed economy, somewhere between capitalism and a free market economy.


Why do most economies in the world today operate somewhere between a market economy and a command economy?

Most economies in the world today operate between a market economy and a command economy because,clinging to command economy in the present world economic scenario will make you live like a frog in the well. The inherent benefits of a market economy are you allow the domestic industries to stand on their own foot, licence raj is abolished. The benefits of price reduction as per world market rates can be offered for the welfare of the country men. Those who are not willing to totally switch over to market economy, operate somewhere between the two.


What kind of economy does communist countries have?

command


List the three countries that have command economy?

There are six countries with a command economy: Belarus Cuba Libya Myanmar North Korea Saudi Arabia


Why do most economies in the world today operate somewhere between a market economy and command economy?

Most economies in the world today operate between a market economy and a command economy because,clinging to command economy in the present world economic scenario will make you live like a frog in the well. The inherent benefits of a market economy are you allow the domestic industries to stand on their own foot, licence raj is abolished. The benefits of price reduction as per world market rates can be offered for the welfare of the country men. Those who are not willing to totally switch over to market economy, operate somewhere between the two.


Is most of the countries in Africa have a command economy?

Yes


Does US have a command economy?

No, the US has a market economy a result of its capitalist policies, command economies can be found in communist countries.


Why do most economies in the world today operate somewhere in between a market and a command economy?

Most economies in the world today operate between a market economy and a command economy because,clinging to command economy in the present world economic scenario will make you live like a frog in the well. The inherent benefits of a market economy are you allow the domestic industries to stand on their own foot, licence raj is abolished. The benefits of price reduction as per world market rates can be offered for the welfare of the country men. Those who are not willing to totally switch over to market economy, operate somewhere between the two.


Is a market economy the same as a command economy?

No, a command economy is where the central govt. controls everything. A market economy is where the govt. trades, buys, and sells products from different countries.