A market economy is not under the private control. A command economy is one where decisions are made by the government only, thus making it a private economy. In market economy, anyone can decide what business to do and what to make.
Command Economy
A Mixed Economy, like the U.S.
The Senate looked after the interests of the Roman state during the Republic.
South Korea has an export economy.
Mixed Economy
Capitalism. type of profit control?
mj
capitalistic economy
Market economy
A type of government that allows little or no private ownership of property and that has strong control over the economy and society as a whole is called Communism. The hammer and sickle are universal symbols for Communism.
You are describing a capitalist economy.
A mixed economy is a type of economic system. It is characterized by a system that is between public and private enterprises.
Pediatricians are a type of private doctors, therefore they can control the timing of how long they want to work. If private then, its under their choice. Pediatricians in hospitals are controlled by their supervisors.
Russia is an industrialized Capitalist economy, with some state regulations, similar to most of Europe. The majority of business are in private hands. There are stock exchanges etc. But there is a strong control of business from outside the government. It is a mixed economy
Russia is an industrialized Capitalist economy, with some state regulations, similar to most of Europe. The majority of business are in private hands. There are stock exchanges etc. But there is a strong control of business from outside the government. It is a mixed economy
China was state capitalist, and is now a mixture of state and private capitalism.
The type of economy that offers producers freedom is a market system. Individuals control production. A country that uses this type of system is Chile.