Why do you think that most modern countries’ economies are a mix of command and market types?

Imagine that the leaders of a poor nation with a centrally planned economy become willing to try a different economic system, and hire an economist from a rich, market economy nation to advise them. The economist recommends a switch to a market economy. What will the economist suggest the leaders order their citizens to do?

In a market system, provide an example for when government can enhance or harm any of the processes involved in terms of what should be produced, how it should be produced, and for whom.

Why does a modern capitalist economic system require the existence of markets?

Why are individuals, businesses and countries forces to weigh the benefits and costs of their decisions?

In planned economic systems, government agencies control both supply and price of the products.   True   or  False?

Within a laissez faire system, the government should only perform those activities that the private sector of the economy is incapable of? What kinds of activities do you think the government ought to                           legitimately perform in a laissez faire system?

What are the central features of capitalism as an economic system?