A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

What is the meaning of a controlled market economy?

Best Answers

There are many examples of a controlled market economy. You might consider Japan to be lightly controlled, all the way to places like Kazakhstan and Belerus, which are highly controlled. IN between you have China, Singapore and many other places. read more

Controlled economy is the opposite o f market economy and a market economy is the basis of the capitalist system where the economy is run by the forces of demand and supply. Where as controlled economy is where the government get in control of most economic activities most notably in socialist or communist countries. read more

A command economy is a system where the government determines production, investment, prices and incomes. A command economy is a system where the government determines production, investment, prices and incomes. read more

In theory, a market economy's functions are based on fluctuations in supply and demand for specific goods and services across an entire market. This relationship results in market prices that efficiently distribute goods and services among market participants who are willing and able to pay for them. read more

Further Research