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- A market economy is a type of economic system where the prices and production of goods and services are determined by the forces of supply and demand. The government plays a limited role in a market economy but performs a regulatory function to ensure fair play and avoid the creation of monopolies. Some countries with a market economy include the U.S., Canada, the U.K., Japan, Germany, and Singapore1234. However, most countries have mixed economies with elements of a market economy and other types of economic systems254.Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.The government plays a limited role in a market economy but performs a regulatory function to ensure fair play and avoid the creation of monopolies. Some countries with a market economy include the U.S., Canada, the U.K., and Denmark.corporatefinanceinstitute.com/resources/economic…
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…The United States, England, and Japan are all examples of market economies.www.investopedia.com/ask/answers/100314/whats …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.www.smartcapitalmind.com/what-types-of-countrie…The actual practice of this model varies by country. This designation has been applied to the economies of China, Japan, Singapore, South Korea, Taiwan and Vietnam.en.wikipedia.org/wiki/Market_economy - People also ask
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