Topic: Different Economic System
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How to Compare the Different Economic Systems
Comparative economic systems is a branch of economic study that compares and contrasts the differing approaches to economic management around the world. For students, a comparison of economic systems will deepen their understanding of econo... Read More »
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What is China Economic System?
The People's Republic of China technically has a government planned and controlled economy, although they are moving towards a laissez-faire type of market at this time. They are the second largest nation in purchasing power in the entire w... Read More »
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What is France Economic System?
France has a mixed economic system, which means that the government and the public share regulating responsibilities over the entire economy. Read More »
Source: http://answers.ask.com/Business/Finance/what_is_france_economic_s...
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Different Economic System
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The economic system within an economy is the process and correlation between the production, consumption, and distribution of services and goods.
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The three economic systems are communism, capitalism and free enterprise. In communism the state pretty much controls the people. In capitalism monopolies are formed. In free enterprise the customer has all the control.
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There are four types of economic systems. They would include the traditional, market, command and mixed economies. They all cover the item to be produced, how much should be produced, how should the good be produced and for whom.
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Source: http://answers.ask.com/Business/Finance/what_are_economic_systems
Japan has the world's second largest economy. Their economy is very similar to the economy of the United States. It is a capitalistic nation.
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traditional, command and market
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A mixed economy describes the economic systems of many of the world's nations. A mixed economic system retains characteristics of free market and socialist systems, and often represents a compromise between the two.
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Source: http://www.ehow.com/facts_5745525_mixed-economic-system_.html?ref...
