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What countries use market economy?

Updated: 4/28/2022
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Some countries that use a market economy are:

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Q: What countries use market economy?
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What kind of countries use a market economy?

Democratic countries.


Market Economy Countries?

The countries that use a market economy are the United State, Western Europe, and Western Germany. A market economy is an economy in which decisions regarding investment, production and distribution are based on supply and demand.


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There are several countries that use a free market economy system. The following list contains five of these countries, Brazil, Peru, India, the United Kingdom, and Kenya.


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mixed market economy


What countries have a mixed market economy?

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What are some examples of nations who use command economy market economy and traditional economy?

Examples of countries that use a command economy are the following: China Cuba Examples of countries that use a market economy are the following: United States Canada Assuming you mean a socialized economy by way of traditional economy, below are examples of some countries that use a socialized economy Italy France Please keep in mind that no country is an absolutely pure version of each type of economy. You could say the United States, for example, shows elements of a socialized economy with its employment of social security and medicaid. You could also say that Cuba, shows elements of a market economy. Even, North Korea, which would be considered one of the most extreme examples of a command economy still has "free enterprise zones" and has condoned (or at least not quickly repressed) a healthy black market for goods and services...the black market being its own market economy.


What are some countries with market economy?

There are not many Market Economy countries, but the United States is rumored to be one. :)


Why most county are goging toward market economy?

Countries that are currently undergoing industrialization are switching to a market based economy.


What countries in Russia are changed from a command economy to a market economy?

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