command economy
Capitalist would be the type of economy. An economy run by the free market, and has little-to-no government regulation.
competween producers helps keep prices down in this type of economy?
The type of economy usually matches the type of government. For example, a democratic country will usually have a capitalist (or free market-based) economy while a non-democratic country will usually have a socialist economy. The more freedom there is in the government usually brings about more freedom in the economy. However, I would say that the type of government affects the economy and not vice versa. Of course, if the economy completely crashed, it could cause a democratic country to become non-democratic. People tend to vote for radical decisions during crises.
Command Economy
No, it is a type of government
Capitalist would be the type of economy. An economy run by the free market, and has little-to-no government regulation.
A market where there is no choice, maybe, like a command economy, where goods and prices are set by the government.
competween producers helps keep prices down in this type of economy?
Command Economy
The type of economy usually matches the type of government. For example, a democratic country will usually have a capitalist (or free market-based) economy while a non-democratic country will usually have a socialist economy. The more freedom there is in the government usually brings about more freedom in the economy. However, I would say that the type of government affects the economy and not vice versa. Of course, if the economy completely crashed, it could cause a democratic country to become non-democratic. People tend to vote for radical decisions during crises.
No, it is a type of government
Myanmar(Burma) has a mixed economy.It would be market economy, but because no country has pure market economy due to government regulations, Myanmar has a mixed economy.
It is supposed to be a free market economy.
Command Economy
command
Capitalist would be the type of economy. An economy run by the free market, and has little-to-no government regulation.
Agricultural Interest Group <3krystal