they believed it would hurt individual freedom
they believed it would hurt individual freedom
It is a market economy.
A centrally planned democratic free economy is one whereby the budget making process involves everyone.
Democratic countries usually have a mixed economy, somewhere between capitalism and a free market economy.
they believed it would hurt individual freedom
they believed it would hurt individual freedom
it has a democratic economy
Democratic societies usually have free market economies.
A capitalist economy would belong to a democratic country. The only way this democratic society could change is through a democratic vote. How many people are going to want an alternative economy ?
It is a market economy.
Japan developed democratic governments and it has a command economy
A centrally planned democratic free economy is one whereby the budget making process involves everyone.
no
Democratic reform leads to political stability and human development which leads to improve productivity and economy.
Democratic countries usually have a mixed economy, somewhere between capitalism and a free market economy.
The type of economy usually matches the type of government. For example, a democratic country will usually have a capitalist (or free market-based) economy while a non-democratic country will usually have a socialist economy. The more freedom there is in the government usually brings about more freedom in the economy. However, I would say that the type of government affects the economy and not vice versa. Of course, if the economy completely crashed, it could cause a democratic country to become non-democratic. People tend to vote for radical decisions during crises.