Economy

Difference Between Gig Economy and Traditional Economy
While a gig economy offers temporal jobs such as contracts or short term gigs, a traditional economy offers long term and permanent jobs.Why is it cal...
Difference Between Economy and Premium Economy
Economy plus and premium economy are entirely different classes with vastly different price points and significantly different amenities. Economy plus...
Difference Between Free Market Economy and Command Economy
While a free market economy is a market system whereby the pricing of goods and services is primarily determined by the sellers and buyers, and is hen...
Difference Between Planned Economy and Market Economy
In a theoretical market economy, supply and demand through free competition should determine prices. Supply and demand also decide investment decision...
Difference Between Market Economy and Command Economy
Market economies utilize private ownership as the means of production and voluntary exchanges/contracts. In a command economy, governments own the fac...