Market economy what Is a Market Economy?

Welfare capitalism 
Main article: Welfare capitalism 

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Welfare capitalism is a capitalist economy that includes public policies favoring extensive provisions for social welfare ser vices. 
The economic mechanism involves a free market and the predominance of privately owned enterprises in the economy, but 
public provision of universal welfare services aimed at enhancing individual autonomy and maximizing equality. Examples of 
contemporary welfare capitalism include the Nordic model of capitalism predominant in Northern Europe.
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Regional models 
Anglo-Saxon model 
Main article: Anglo-Saxon model 
Anglo-Saxon capitalism is the form of capitalism predominant in Anglophone countries and typified by the economy of the 
United States. It is contrasted with European models of capitalism such as the continental social market model and the Nordic 
model. Anglo-Saxon capitalism refers to a macroeconomic policy regime and capital market structure common to the 
Anglophone economies. Among these characteristics are low rates of taxation, more open financial markets, lower labor market 
protections and a less generous welfare state eschewing collective bargaining schemes found in the continental and northern 
European models of capitalism.
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East Asian model 
Main article: East Asian model 
The East Asian model of capitalism involves a strong role for state investment and in some instances involves state-owned 
enterprises. The state takes an active role in promoting economic development through subsidies, the facilitation of "national 
champions" and an export-based model of growth. The actual practice of this model varies by country. This designation has been 
applied to the economies of China, Japan, Singapore, South Korea, Taiwan and Vietnam.
A related concept in political science is the developmental state.