Mixed economy: “in this type of economy there is a balance between market forces and state intervention. It is believed that some activities should be regulated by the state while others can be left to the control of the state. the influence of the market. A mixed economy usually includes: • A free enterprise sector, where economic decisions are based on market forces • Public ownership and control of major central industries • Welfare sector to provide a minimum level of medical, social and educational services for all citizens regardless of wealth." (BPP, 2010, pp. 138-170), ), (Doc.mbalib.com. 2013)Transitional economy: “A transition economy is one that is moving from central planning to free markets. Since the collapse of communism in the late 1980s, countries of the former Soviet Union and its satellite states, including Poland, Hungary and Bulgaria, have sought to embrace market capitalism and abandon central planning. However, most of these transition economies faced severe short-term difficulties and long-term development constraints.” (Economicsonline.co.uk, 2013), ), (Doc.mbalib.com.