which is in stark contrast to a centrally planned economy by a government or command economy. Pure capitalism—an extreme form of capitalism—is also known as laissez-faire capitalism.

Modern Market Economies Every economy in the modern world falls somewhere along a continuum from pure market to fully planned. Most developed nations are technically mixed economies because they ...

This article covers 7 Command Economy Countries and 7 Others with Big Government Presence, offering detailed insights into the countries with centrally planned economies. You can skip our analysis ...

How? What the American political establishment can’t bring itself to acknowledge–a planned, socialist economy works. Some try to explain away China’s success by asserting that China can ...

First, some background: Nowadays everyone views the old Soviet Union, with its centrally planned economy, as an abject failure. But it didn’t always look that way. Indeed, in the 1950s ...

Chinese President Xi Jinping said he won’t let the world’s second-largest economy return to its days as a planned economy, pushing back against U.S. criticism that the nation has failed to ...