From Wikipedia, the free encyclopedia
- Market economy, where prices are decided by supply and demand.
- State capitalism, where the means of production are organized and managed as state-owned business enterprises, and wages are decided by the government.
References[change | change source]
- Gregory, Paul R and Stuart, Robert C. 2013. The global economy and its economic systems. Independence, KY: Cengage Learning, 21-47. ISBN 1-285-05535-7