Market Economy/Free Market EconomyFeatures

Features

Advantages

Disadvantages

Planned Economy/ Command Economy

Features

Advantages

Disadvantages

 

Mixed economy

Features

Mixed economy is a combination of market economy as well as government planning.

It has both private sector and public sector.Some businesses are owned by private individuals while some businesses are owned by the government. India, Indonesia is examples of mixed economies.

Mixed economy attempts to overcome the disadvantages of a market economic system by using government intervention to control or regulate different markets.

Explore key feature of more economies.Visit national government sites e.g.

http://www.economy.gov.ae/ (United Arab Emirates),
http://ncb.intnet.mu/govt/index.htm, (Mauritius),
http://www.gksoft.com/govt/en/pg.html (Papua New Guinea),
http://www.fedfin.gov.ae/ (United Arab Emirates),
http://www.mop.gov.kw/ (Kuwait),
http://www.mof.gov.sa/index_e.html (Saudi Arabia).

 

Watch a Video

Watch a Video - History of Capital and Planned Economies