Identify 3 countries which are considered as market economies and 3 command

economies.

Market economy:

1. Brazil - Brazil is considered one of the most important emerging market

economies in the world. It is highly dependent on agricultural commodities like
coffee and soybean for exports to sustain and boost growth and improve its
infrastructure. Its economy has always been affected due to low expenditure from
the government and political uncertainties.
2. China - China has demonstrated the most potential of the BRICS nations and is
regarded as having the best-emerging market economy. Since 1978, it has
pursued a policy of economic reforms through trade liberalization, export growth,
government spending, and manufacturing sector expansion.
3. Vietnam - One of the most secure developing market economies in the world is
Vietnam. The majority of its people belong to a middle-class class with affluent
purchasing power. Along with economic reforms, the nation has put in place a
number of programs and policies to provide the impression that it is welcoming
to foreign investment.

Command economy:

1. Former Soviet Union (USSR) - A command economy is described as an economy

in which a government centrally decides on production, investment, prices, and
earnings. A command economy, which benefited from the notions of a planned
economy, was used in the USSR during the communist/socialist era (1917–1991)
to boost production in both industry and agriculture.
2. North Korea - One of the few centrally planned economies in the world, North
Korea's economy is managed by the Central Bank of the Democratic People's of
Korea. A command economy, focused on agriculture and natural resources, exists
in North Korea.
3. East Germany - In contrast to market economies, mixed economies, or other
capitalist nations, East Germany had a command economy that was modeled
after the Soviet Union and other Comecon members. The state decided on
production goals, set prices, and distributed resources, enshrining these choices
in detailed blueprints.