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  2. Most countries have mixed economies with elements of a market economy12. However, there are a total of 88 countries that score as "mostly free" to "moderately free" market economies3. Some examples of countries that have elements of a market economy include:
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    Most countries have mixed economies with elements of a market economy. The United States, The United Kingdom, Japan, and Germany all are examples that have elements of a market economy. Singapore is the country that is the closest to having strictly a market economy.

    www.thebalancemoney.com/market-economy-char…
    Most of the nations in the Western world such as the United States, Canada and Germany have a market economy and these types of economies are not uncommon in other parts of the world including Asia and Africa. Other nations tend to have mixed economies although planned economies exist in certain countries.
    www.smartcapitalmind.com/what-types-of-countrie…
    In addition to those already mentioned, there are a total of 88 countries that score as "mostly free" to "moderately free" market economies. The following are included (alphabetically): Czech Republic Lithuania Poland South Korea United Arab Emirates United Kingdom
    www.investopedia.com/ask/answers/040915/what-…
     
  3. People also ask
    Which country has a market economy?The United States is considered to have a market economy, whereas countries like China and Cuba are mixed economies with more command economy tendencies. A country's market economy supports increased innovation. Firms and individuals are encouraged to innovate to gain a competitive advantage and increase their market share.
    What is a market economy based on?A market economy is an economic system where two forces, known as supply and demand, direct the production of goods and services. Market economies are not controlled by a central authority (like a government) and are instead based on voluntary exchange. Market economies rely on the interplay between supply and demand to function.
    What are examples of market economies?Market economies depend on the forces of demand and supply to determine prices and shape market activities. Examples of market economies include the US, Japan, and the UK, characterized by limited government involvement. What is a Market Economy? What is a market economy? Markets are influenced by demand and supply forces.
    Which country has a free market economy?Most countries' economies contain elements of both free market and command economies. Singapore's economy is considered the freest, followed by Switzerland and Ireland, according to the Heritage Foundation's 2022 Index of Economic Freedom. The United States ranks just 25th on the list.
     
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