The economic activities of different states have a lot of differences. In many ways, it depends on the state system, for example, in the Soviet Union private property was banned, and they could simply be put behind bars for running their own business. Different types of economy mean its division into several types, such as market, planned and mixed type. Each of the options has its advantages over 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 shady sides, while others are so deeply affected by corruption that they will later come to a complete collapse. Different types of shadow economy have a unique influence on all financial activities of the state. Some of them are on a semi-legal position and even, you can say, do not violate, but bypass the law. Others, such as the trade in arms or drugs, are causing heavy damage to the country (both financially and socially). Illegal activities can develop in any, even in the most developed, state. The desire to hide from taxes and not to give part of their profits is inherent in many. It is not necessary that in violation of the law only an entrepreneur who hides a part of the profits is guilty, perhaps the tax burden of the country is too heavy, and, in an effort to preserve his business, a person has to move to the shadow side of the financial apparatus.
Particularly it is possible to distinguish from all types the planned financial policy of the state. It is unique in that the rest of the economy has not yet undergone its main crisis. And the flowering and ruin of planning financial activity can be observed on the example of the USSR. The first stages of the formation of the young republic required strict control over all financial activities of the country. The post-industrialization, the war and the postwar recovery period also required state intervention.
It was exactly in the 50s of the last century that the peak of the power of the Soviet financial system comes to its head. Restorative 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, strict control over their activities was no longer so necessary, but the government continued to closely monitor each enterprise of the country. What subsequently led first to stagnation, and after and to the crisis, which entailed the collapse of the entire system.
In the modern world, we can observe the coming new economic crisis, which will show all the weaknesses of market relations. Most developed countries in Europe now have to invest huge amounts in the economies of other countries, since the local financial crisis in Greece or Spain is able to grow into a global world.
The most suitable of all types of species was a mixed type of economy. A good example of this is China. His economy derived all the best from each type. The PRC provides a cheap labor force, which attracts different types of firms from the West. In the Chinese economy, both the market and planning are combined. The state closely follows the heavy industrial and military complexes of the country, but it does not hinder the inflow of foreign capital.