Economics system

would never see the type of profit or surplus that results from a market or mixed economy.

closely tied to the land, usually through farming.

controlled by wealthier economies, often by force.

large part of the economic system is controlled by a centralized power.

Often the government will own everything involved in the industrial process, from the equipment to the facilities.

command economy is capable of creating a healthy supply of its own resources and it generally rewards its own people with affordable prices (but because it is ultimately regulated by the government, it is ultimately priced by the government).

The government does not control vital resources, valuable goods or any other major segment of the economy.

the biggest advantage to a market economy (at least, outside of economic benefits) is the separation of the market and the government.

Its a combination of economic systems,but it primarily refers to a mixture of a market and command economy.

In the most common types of mixed economies, the market is more or less free of government ownership except for a few key areas.

While a mixed economy can lead to incredible results , it can also suffer from similar downfalls found in other economies.