answersLogoWhite

0

Why are economic systems important?

Updated: 8/23/2023
User Avatar

Wiki User

11y ago

Best Answer

l0l, 5crub. 1v1 m3 u n00b. im 11 thumbz up if u agr33. i'll wr3ck u 4ny d4y

User Avatar

Wiki User

11y ago
This answer is:
User Avatar
More answers
User Avatar

Wiki User

12y ago

It is the major factor of natinal wealth

This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: Why are economic systems important?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

What evaluating economic systems it is most important to consider?

In evaluating economic systems, it is most important to consider give me a answer


What are the types of political economic systems?

there is no such thing as political economic systems, there are only economic political systems


Why cultures develop economic systems?

why dp cultures develop economic systems


Why were the colonies so important to a mercantilist economy?

Colonies were important in the mercantile economic systems because they were markets in which to buy products from the home country.


What is a way of defining economic systems?

One way to define economic systems is to classify them according to whether they are market systems or command systems.


Why do kin-based economic systems prevail in non-industrial societies?

prevailing economic systems


What are Europe's economic systems?

Capitalists economic system


Why are economic systems needed?

Economic systems are needed to help control the power in the people and the government. Thus for different countries with different powers relates to the different types of economic systems.


What three questions must all economic systems answer?

what three questions must all economic systems answer?


Economic systems are based on what?

Economic systems are based on the reflection on the values, assumptions and goals of a particular culture.


What economic systems was in place prior to the economic revolution?

Feudal economic system


What are the four types of economic systems?

The four types of economic systems are mixed, traditional, market and command. The economic systems evolves as different societies places different emphasis on different goals.