Can You Give A Comparative Analysis Of A Market Economy, A Command Economy And A Mixed Economy?

A command economy or more precisely a communist society is marked by the autocratic and exclusive role of the government in every economic aspect.  The government is responsible for making every single economic decision and is the owner of all means and resources of production and distribution.  There is particularly no competition in a command economy and all goods are standardized.  Lastly the main purpose of a business is not profit in a command economy.  

As for a market economy, it is the absolute opposite of a command economy where all the means and resources of production are owned privately.  As for the economic decisions, the supply and demand are the major determinants in shaping those decisions.  The cynosure of a market or capital economy is competition and the motive of profit is the chief notion of doing business.  As for mixed economies, this idea is gaining sound momentum in the recent years, consisting attributes from both the economies with a required government check on economic functions and also freedom for the entrepreneurs.