Types and models of economic systems.
- Command economy is characterized by a state form of property of most of enterprises which act according to the directions of a single economic plan. It’s regulated by administrative methods.
- Market economyis characterized by private property, system of free proprietorship where market system is used. Resources are divided according to the laws of money-commodity relations, economy is connected with high risk and liability is undertaken by the subjects of market.
- Mixed economyis characterized by a combination of private and state sectors, where a state interferes with economy through its economic functions, but with the account of self-regulating role of the market.
The main types and models of economic systems from the point of view of civilization approach.
| Criteria of classification of economic systems | Models of economic systems |
| Portion of state property and the level of state interference economy | Market economy. Socially oriented economy Mixed economy. Command economy |
| Presence or absence of commodity-money relations and the level of their development | Natural production. Command economy Production of goods. Market economy |
| Development of industry, implementation of science into production | Agrarian society. Industrial society. Postindustrial society. Information society |
| Character of property on means of production | Primitive-communal society. Slaveholding system. Feudal system. Capitalism |
| Theme № 4. The forms of social economy. Goods and money. Capital. Lecture 4. 1. A subsistence economy: the essence and evolution. Commodity production: the essence and main features. 2. The concept of "benefit", "capital", "service". Goods and its properties. Theory of value. |
3. Theory of Money. The nature and functions of money. The laws of money circulation. Price as the monetary expression of value.
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