Market Economies

Market, Centrally Planned, and Mixed Economies

There are really no perfect examples of a totally market economy or of totally centrally planned economy. Some countries are more market oriented, some are more centrally planned, but all are mixed to some degree. An example of a market economy is the United States of America. In a market economy, the government has little say in how the market is run. Though, the market sets the prices of goods and services, there also has to be some government taking part in the economy to set regulations and rules. Without the government partaking in how the country is run, there would be no organization. An example of a centra...