The correct answer to this open question is the following.
This is a market economy. And we are referring to Switzerland, one of the greatest countries in the world to live and prosper.
A market economy has all the characteristics mentioned in the text above. It allows the competition of many industries with minimum governmental regulation. Prices of products and services are established by supply and demand. That number of industries allows the creation of many jobs and particularly in Switzerland people enjoy a high level of life with minimum poverty.
On the other hand, in a command economy, it is the state which decides what products are to be produced, how many, and the price is fixed by the government that totally controls the production process.
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The freedom of a citizen to exercise customary rights, as of speech or assembly, without unwarranted or arbitrary interference by the government. such a right as guaranteed by the laws of a country, as in the U.S. by the Bill of Rights.
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The first Hippodrome was built when the city was called Byzantium, and was a provincial town of moderate importance. In AD 203 the Emperor Septimius Severus rebuilt the city and expanded its walls, endowing it with a hippodrome, an arena for chariot races and other entertainment.
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Explanation:
The American Civil War preserved the Union and freed the slaves. However, during Reconstruction, a lack of political focus on the effort failed to solve the sectional wounds, and the elimination of the freed slaves' newly gained civil liberties failed to bring about long-term racial integration.
