The economic activity of different states has a lot of differences. In many respects, it depends on the state system, for example, private property was banned in the Soviet Union, and they could simply be put in jail for running their own business. Different types of economics involve dividing it into several types, such as the market, planned, and mixed types. Each of the options has its advantages over the others.
The main types of economy are often divided into smaller categories. But in each of them there is illegal financial activity. Some types of economy have fewer shadow sides, while others are so severely affected by corruption that in the future they will come to complete collapse. Different types of shadow economy have a unique impact on all financial activities of the state. Some of them are in a semi-legal position and, one might even say, do not violate, but circumvent the law. Others, such as the arms or drug trade, cause severe damage to the country (both financially and socially). Illegal activity can develop in any, even in the most developed, state. The desire to hide from taxes and not give back part of their profits is inherent in many. It is not necessary that only the entrepreneur who has concealed part of the profit is guilty of violating the law, perhaps the tax burden of the country is too heavy, and in order to maintain his business, a person has to switch to the shadow side of the financial apparatus.
Of all the types, it is possible to single out the planned financial policy of the state. It is unique in that the other types of economy have not yet undergone their main crisis. And the heyday and collapse of financial planning can be seen on the example of the USSR. The first stages of the formation of the young republic required tight control over all the financial activities of the country. Post-industrialization, war, and the post-war reconstruction period also required state intervention.
It was in the 50s of the last century that the peak of power of the Soviet financial system fell. Restoration work was completed, and enterprises could already begin to work precisely for those regions with which it is beneficial for them to cooperate. For peacetime, tight control over their activities was no longer so necessary, but the government continued to closely monitor every enterprise in the country. Which subsequently led first to stagnation, and then to a crisis, which entailed the collapse of the entire system.
In the modern world, one can observe the impending new economic crisis, which will show all the weaknesses of market relations. Most developed countries in Europe now have to invest enormously in the economies of other countries, since the local financial crisis in Greece or Spain can grow into a global world.
The most adapted of all types of species was a mixed type of economy. A vivid example of this is China. His economy has garnered the best of every type. China provides cheap labor, which attracts various types of firms from the West. The Chinese economy combines both market and planning. The state clearly monitors the country's heavy industrial and military complexes, but does not prevent the inflow of foreign capital.
