There are four types of market economies, which are:
Traditional market economy: This is where the government intervenes minimally in the market and production is based on what the producers think the consumers want.
Command market economy: This is where the government controls all aspects of the economy and decides what is produced, how it is produced and what the prices will be.
Market economy: This is where the government intervenes minimally in the market and allows the free flow of goods and services based on the interaction of demand and supply.
Mixed market economy: This is a combination of a traditional market economy and a command market economy, where the government intervenes in different areas of the economy.