What Economic System Do Most Countries Operate Under?


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Anonymous Profile
Anonymous answered
Today, the capitalist system is the world's most dominant form of economic model.
Ellie Hoe Profile
Ellie Hoe answered
The hands-on privately oriented system and state oriented systems are more common in the world. In the hands-on privately oriented system, the privately-owned entities have the control over the system. For example capitalism system is followed by the US, Canada, Mexico and Hong Kong. And in the state oriented system, state has the direct control over the system. This system is followed by North Korea, Cuba, and most of the developing and under-developed countries. Example of this system is socialist system. The other economic systems in the world are mixed system, market system, communal system etc.

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