Homework Help

What countries have a market economy?

user profile pic

sweet107 | Student, College Freshman | Honors

Posted October 4, 2009 at 4:17 AM via web

dislike 1 like

What countries have a market economy?

Tagged with business, market economy

1 Answer | Add Yours

user profile pic

krishna-agrawala | College Teacher | Valedictorian

Posted October 4, 2009 at 11:18 AM (Answer #1)

dislike 1 like

Most of the countries today have a combination of market economy and command economy. There are no countries that pure market economy or pure command economy. Even countries like USA, leading in their support for market economy have many laws such as anti-monopoly laws that restrict free competition, which is essential for a pure market economy. Recent bailout package by US Government have further highlighted the presence and need for command economy like action of government in all economies.

However, we can say in that communistic countries like China follow predominantly command economy, whereas democratic countries - which includes most of the countries in the world today - follow predominantly the market economy pattern.

Join to answer this question

Join a community of thousands of dedicated teachers and students.

Join eNotes