In madagascar and Switzerland what type of economic systems are present? ie. mixed, market, or command?

Question

I beleive that both countries have market economic systems just looking for some back up. I know it's not traditional and not command so there both either Mixed or market. Market is when decisions are made based on what would be best for the economy , business and industry. And mixed is where decisions are made by both government and the influence of industry.

Answer 1

Well, I don't know about Madagascar - but in Switzerland it's a so-called "social market economy". The basis is a market economy, but there are several "corrections" to make the system more social - starting from social welfare to the tax system and certain services supplied/controlled by the state like utilities.