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Topic: Business
Number of pages / Number of words: 10 / 2621
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The UK would be an example of a mixed market economy.

Command Economy.

Command Economies are few and far between now but the perfect example would be the old eastern bloc country of USSR. In this sort of economy the state takes decisions are taken collectively. The state controls what is produced, how much is produced and what it costs...


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In this sort of economy the state takes decisions are taken collectively. The state controls what is produced, how much is produced and what it costs. This is supposed to be a system that benefits the good of all its citizens rather than the individual. At the end of the 20th century, it is clear that, for people throughout the world, the central, command economy model has failed to sustain economic growth, to achieve a measure of prosperity, or even to provide economic security for its citizens...


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