Economies worldwide fall into one of four categories: traditional, market, command and mixed. Within these categories, however, there is a considerable amount of variation. The type of economy that a market falls into de...
The country of Germany operates under a "soziale Marktwirtschaft," which translates into English as a social market economy. The system was adopted after World War II and reflects the principles of a free enterprise mark...
Nigeria operates a mixed economic system that is a blend of socialism and capitalism. The various private freedoms are still government regulated and are included in centralized economic planning.
The three economic systems are the traditional, command and market economic systems. Different countries use different economic systems.
The three types of economic systems used in the world today are the market economy, planned economy and a mixed economy. Each has its own benefits and disadvantages.
Three types of economic resources are tradition, market and command. A fourth resource answers the question of who owns the means of production, which are its factories, farms, shops, mines and machinery.
Market economy, planned economy and mixed economy are the three major types of economic systems that prevail across the world, states Economy Watch. Each economic system offers a different view on the role of government ...