After the French revolution and the Napoleonic wars, Europe focused on balancing out the European powers so something like this won't happen again. That's when in 1815 the Congress of Vienna emerged when metternich created the idea of balance of power- surrounding European countries with smaller and independent countries. also bringing back old monarchy.
In a market economy, the private-sector businesses and consumers decide what they will produce and purchase, with little government intervention. ... In a mixed economy both market forces and government decisions determine which goods and services are produced and how they are distributed.
