The country of Poland uses a 'market' economic system and represents the sixth-largest economy in Europe. Countries are generally categorized into one of four economic systems: traditional, command, market or mixed.Continue Reading
'Traditional' economies tend to be rural second or third-world countries where products, services and their exchange are a result of their beliefs, customs, religions and traditions.
In a 'command' economy, a large portion of the economic system is controlled by a centralized power, which is often the federal government. Such systems often exist when a region is rich in valuable resources.
Similar to a free market, a 'market' economy is largely controlled by the people in organizations who determine how the supply and demand of resources are met, with little government intervention.
A 'mixed' economy typically bears aspects of both command and market economies. While some may be primarily free markets, others may be closely regulated by the government in certain areas.Learn more about Economics