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No. When we say "market economy," we likely mean to say a free market economy-an economy unfettered with government policy interventions. This is usually stated in opposition to a planned command economy-planned by government personnel. Neither of these extremes exist in the real world. World economies are mixed economies. The difference between countries is the degree to which they are mixed.

Economies such as Cuba and the former Soviet Union tend toward the command economy whilst economies such as Hong Kong and Singapore are cited as the freest market economies.

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14y ago

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