Companies in a market economy make decisions based on supply and demand. An example of a sentence using the term "market economy" is "The opposite of a market economy is a planned economy, wherein decisions are made based on a preconceived plan without regard to supply and demand. "
Socialist system
the most extreme example of a centrally planned economy are china,hongkong,cua and north korea
the best example of a MIXED ECONOMY is the market economy and a command economy
Capitalism is an example of a free market economy.
Companies in a market economy make decisions based on supply and demand. An example of a sentence using the term "market economy" is "The opposite of a market economy is a planned economy, wherein decisions are made based on a preconceived plan without regard to supply and demand. "
Socialist system
the most extreme example of a centrally planned economy are china,hongkong,cua and north korea
the best example of a MIXED ECONOMY is the market economy and a command economy
Capitalism is an example of a free market economy.
The Market Economy is another name for Capitalism.
Under a planned economy, all productive resources are government owned and controlled. This type of economy is also called a command economy.
The Market Economy is another name for Capitalism.
The term "market economy" is just a synonym for capitalism.
A mixed economy is based on several different types of economies. For example the mixed American economy is a combination of socialism and capitalism.
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A modified private enterprise economy is based on capitalism but has some government interference to prevent monopolies. Example is the economy of the U.S