Free market economy just like pretty much every other developed country.
none
Ceska Koruna or in direct translation: Czech Crown.
Czech republic
Germany
Official name is Czech REpublic but if you want you can reffer to it however you want. Some suggestions easier than Czech Republic are Czechia or Czechlands, or if you want to sound smart you can use one of historic names such as Lands of the Bohemian Crown.
Czechoslovakia no longer exists as a separate country; it peacefully split into the Czech Republic and Slovakia in 1993. The Czech Republic uses the Czech koruna (CZK), while Slovakia uses the euro (EUR). If you're referring to historical context, Czechoslovakia used the Czechoslovak koruna before the dissolution.
Anonymously
The dvacet korun českých, or twenty Czech crowns, is a banknote from the Czech Republic. It is part of the Czech koruna currency, which has been in use since 1993 after the split of Czechoslovakia into the Czech Republic and Slovakia. The banknote features notable Czech cultural and historical figures and landmarks.
Czech Republic still uses its own currency the Czech crown (or Česká koruna, CZK). While you can use EUR in main tourist spots and some supermarkets it is NOT offically accepted currency.
Currently still Czech Koruna Somewhere near to 17 Koruna per dollar 10$ is 170 CZK
A Democratic Republic
In larger cities, such as Praha, Brno, Pilzn, and Ceski Budejovice, it is possible to use euros in tourist oreinted places. However, outside of the tourist center, it is usually impossible to use them. It is best to convert foreign currencies to Czech koruny, which is the accepted currency of the country.