There are several countries that have a market based economies. France and England are two countries that have this type of economy.
No, every country should be free to choose they type of government they want. Democracy does not necessarily bring prosperity.
democratic
The US has an open economy. This type of economy has a capitalist nature.
Democratic
Democratic countries usually have a mixed economy, somewhere between capitalism and a free market economy.
Democratic countries usually have a mixed economy, somewhere between capitalism and a free market economy.
Most democratic nations run under the capitalist system. However, many capitalist countries are not democratic.
Mixed 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.
Africa as a whole is a continent that comprises of many countries. But the sugested economy practice by most africans is a socialist economy.
A Democratic parliamentary system.
Most totalitarian countries have a dictatorship by a despot who holds onto power. Most, but not all totalitarian countries adopt this economic system.
india
It is often found in democratic countries.
mixed market economy
Magan