Market Economy

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Free Enterprise

By definition, a free enterprise economy (also known as: capitalism or a free market economy) is an economic system controlled chiefly by the individuals and private companies instead of the governmen...

Published: 2021-09-28 12:55:03

What is one way a country could change from a command economy to a market economy?

A1: The main characteristic of the transition from a command economy to a market economy in any country is the privatization process which refers to all state-owned organizations and businesses. Other...

Published: 2021-10-01 16:25:06