In certain economies, the government operates as the central authority, guiding the economy and controlling (and owning) many of the businesses. Instead of being produced to make a profit, goods and services are produced for uses planned by the government. What type of economy does this describe?

Currently, as of february 2016, an american traveling in france would be by the exchange rate. the weakness of the euro and the strength of the us dollar means that items in france cost less to an american than they otherwise would. of course, if this trend reverses and the us dollar weakens and the euro strengthens, such as was happening in early 2008, an american traveling in france would have an adverse experience because items would cost relatively more.