economy

Example:The rapid growth of the capital economy has led to an increase in job opportunities.

Definition:An economy that relies heavily on capital goods and investments.

Example:In a command economy, the government decides what is produced and how it is distributed.

Definition:An economy where production and distribution of goods and services are primarily controlled by the government rather than by market forces.

Example:A mixed economy can help balance the advantages of both market and planned approaches.

Definition:An economic system that combines elements of both market economies and planned economies, providing both private and public sector control over production and distribution.

Example:Consumer economy growth can lead to steady job creation and income growth.

Definition:An economy driven by consumer demand and spending.

Example:The transition to a free market economy has led to significant changes in production methods and consumer behavior.

Definition:An economic system where prices are determined by market forces of supply and demand and individuals are free to privately own resources and make decisions about production and consumption.