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the necessary things for a countries economy are the factors of production which is land , labour ,capital and entrepreneur.
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Is it necessary to have democracy to have a free enterprise economy?
It is. However, some countries, such as China and Vietnam has tried to keep its one party policy while gradually moving towards free market economy approach.
3 countries with a command economy?
Three countries with a command economy are, North Korea, Vietnam, and Cuba.
What countries use market economy?
Some countries that use a market economy are:United StatesWestern EuropeWestern Germany
What type of economy do developing countries usually have?
mixed market economy
Market Economy Countries?
The countries that use a market economy are the United State, Western Europe, and Western Germany. A market economy is an economy in which decisions regarding investment, production and distribution are based on supply and demand.
What kind of natural resource is gas?
Gas is a natural resource of crude oil. It is most necessary at this point to decide a countries economy.
Is it necessary to have democracy to have a free enterprise economy?
It is. However, some countries, such as China and Vietnam has tried to keep its one party policy while gradually moving towards free market economy approach.
How did World War 2 effect different countries economy?
it realy affected countries economy it made countries like America control world economy and other countries like third world countries in abadfinancial and cultural condition
3 countries with a command economy?
Three countries with a command economy are, North Korea, Vietnam, and Cuba.
What kind of economy do North African countries have?
they have a developing economy
What countries use market economy?
Some countries that use a market economy are:United StatesWestern EuropeWestern Germany
Economy of britishers after ruling all the countries?
there total economy after ruling all countries was 134.66 billion dollar
What countries practice a mixed economy?
The United States, United Kingdom, and Canada are among the countries that have a mixed economy. A mixed economy is practiced in Japan and Australia.
How do most countries strike a balance between having a pure economy and a command economy?
Most Countries Have A Mixed Economy!!!:0 Oh Yeah We Ballin
How is capitalism an important part of a market economy?
A market economy is necessary for a capitialist system.
What kind of economy do most North Africa countries have?
they have a developing economy.
What type of economy do developing countries usually have?
mixed market economy
