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.
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.
A mixed economy is based on several different types of economies. For example the mixed American economy is a combination of socialism and capitalism.
The Market Economy is another name for Capitalism.
The term "market economy" is just a synonym for capitalism.
No, capitalism is not another word for a command economy. Capitalism is an economic system characterized by private ownership of resources and the means of production, with market forces primarily determining supply and demand. In contrast, a command economy is centrally planned, where the government makes decisions regarding production and distribution of goods and services. These two systems represent opposite approaches to economic organization.
NO. Modern Egypt is a mixed economy, with some aspects of capitalism, some aspects of cronyism, some aspects of planned economics, and some aspects of a traditional economy. However, Egypt is primarily capitalist and cronyist.