Democracy & Market Economy

Government

Democracy:

Democracy is a system of government that is ruled by the people and not by a leader/ruler. A leader is chosen by an election or voting. They are chosen by what the people want.

Some democracies provide more freedom for citizens than others. There are many different types of democracies including: Presidential/Semi-Presidential, Representative and Parliamentary.


Democratic Countries:

United States of America

Japan

Australia

United Kingdom

Market Economy:

Market Economy is a system of government based on supply and demand regarding decisions on investment, production and distribution. A Market Economy is the opposite of a planned economy where the government controls major aspects. There are no pure market economies. Central planning is used to achieve goals such as better health, education and safety.


Market Economy Countries:

There is no country with a pure market economy, but some countries that inhabit some market economy features are:

United States of America

United Kingdom

Germany

Mexico

Canada

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