Discover how government intervention shapes market economies, and learn when an economy stops being considered a free market.

National economies can be run from the top down, so to speak, in what is sometimes called a command economy or they can be run from the bottom up in what is sometimes called a free market. In the ...

Economic systems are defined by the method that a nation uses to allocate its goods and services. These systems have varying degrees of government control, and range from free market economies to ...

Free enterprise and command economies are two opposing economic models that dictate the methods in which economic production and growth should occur within an economy. Free enterprise economies allow ...

A command economy consists of an economic system in which the government, as opposed to private parties, dictates the production and distribution of goods and services. Under this type of arrangement, ...