In Continental Europe, the term "social market economy" or "Rhine capitalism" is generally used to refer to the mixed-market economic models used by those countries.
In the United States, United Kingdom, Canada and Australia, the type of capitalism is sometimes called the "Anglo-Saxon model", which is a type of mixed economy skewed more toward free-markets than the Continental European model of capitalist mixed economy.
The modern economic model in the People's Republic of China is considered to be a mixed-market economy. Officially, the name for this system is a "socialist market economy", but economists usually label it "state capitalism" instead.
The following are other names for a Market Economy:
A planned economy can be referred to as a:
Free enterprise is your answer.
planned economy exists
yes mixed economy is more reliable in a mixed economy we get both the public as well as private players.on the other hand planned economy doesn't allow such freedom.mixed economy private companies are under restrictions of the government and there working is on check.
command economy
Planned Economies are regulated by a Governmental Ministry.
In a centrally planned economy, the government is completely in charge of the economy. There is no reward for individual hard work. The government tells everyone what to do.
planned economy exists
yes mixed economy is more reliable in a mixed economy we get both the public as well as private players.on the other hand planned economy doesn't allow such freedom.mixed economy private companies are under restrictions of the government and there working is on check.
North Korea is the most centrally planned economy in the world. Most others allow for *some* degree of private trade. Some other less centrally planned economies are: - China - Russia - Cuba
One disadvantage of the planned economy is that there is inefficient resource distribution.
command economy
It is a Planned Economy
both the government and the public control the economy, were as Russia is a planned economy because everything is planned and the government has full control
Planned Economies are regulated by a Governmental Ministry.
Planned (command, centrally planned, or controlled) economy
In a centrally planned economy, the government is completely in charge of the economy. There is no reward for individual hard work. The government tells everyone what to do.
By having a planned economy Russia is making good revenue in the world market. This policy helps the Russians also in having the better employment rates and the minimum wages can also be higher than in some other countries of the world. All the sectors in Russia are benefited with the planned economy.
korea