3º CC.SS. - TEMA 5 - Economic systems

Market economy, mixed economy, socialist economy or subsistence economy:

• Economic surplus is minimal
• Economic system characterised by public or social ownership
• There is no industrialization
• No state regulation over prices
• Capitalist economy that includes public policies favoring extensive provisions for social welfare services
• Market economy with substantial state interventionism
• The means of production are largely or entirely privately owned and operated for a profit
• Free movement of labour
• The government doesn't intervene in economy
• Economic system where decisions regarding production and investment are embodied in a plan formulated by state