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Capilatist Economy (:
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∙ 13y ago
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What type of economy system does Greece have?
Greece has a Capilatist Economy.
What type of economic system does Greece have?
Greece is a capitalist economy
How is greece's economy different form Italy's economy?
Italy has fewer foreign debts and is much better than Greece's economy. Greece accounts for less than 2 per cent of the EU economy.
Is Greece market or command economy?
Market economy
What did greece's economy heavily rely on?
Because of Greece's location, it relied mostly on fishing and trading. Nowadays, Greece's economy depends heavily on shipping and tourism.
How did the location of Greece help its economy?
because it does
What did tourism do for Greece?
It helped the economy of the country.
What is true of Greece's relationship with the sea?
Shipbuilding is an important industry in Greece.
What is a examle of a mixed economy?
A national economy with more than 1 currency. i.e: Greece; the Euro and the drakmah
What is a mixed economy a mix of?
A national economy with more than 1 currency. i.e: Greece; the Euro and the drakmah
What type of gov't have in Greece?
Greece has a parliamentary republic :)
How is Greece's economy different from Italy's economy?
You posted this question under "Ancient Greece" as well as 'Greece" in general, so it's unclear which comparison you are after. Briefly: Ancient Greece - as today's Greece - is mountain-covered with few arable areas. Greece's mountains also caused the development of separate city-States instead of a more unified State and economy. Its economy was a mix of rural and trade-based: especially the coastal cities mostly lived by trade and established colonies all across the Mediterranean. Rome was much more expansionist and although its domestic economy was mostly rural, it early on started adding tax income and tribute from other regions to its national income. Today, Italy is the much more industrialized economy. Greece's industry always remained small-scale. Its tourism income is a much more important source of revenue in relation to its total income than it is in Italy. In that sense you could call Greece's economy much more 'services-oriented'.
