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I don't think you know what an economic system means. Every single country, every single state, every single city, every town and every house have an economic system. Economics is simply the study of the choices people make under limited resources (money, time, actual resources etc). So two people trading in the middle of the desert are using an economic system.

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13y ago
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13y ago

In order to avoid any scarcity (which is the basic problem of economic )

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11y ago

why dp cultures develop economic systems

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Q: Why do countries need economic systems?
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Related questions

Why do the economic systems of other countries have in common with the economic system of the US?

Most countries have similar economic systems, which are a mixture of a free market and government regulation.


How do countries know if their economic systems are working?

If a countries economy, growth, and employment are strong they have a good indication that their economic systems are working.


What countries has planned economic systems?

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What do the economic systems of others countries have in common with the economic system of the United states?

Most countries have similar economic systems, which are a mixture of a free market and government regulation.


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 are the Economic systems countries?

http://wiki.answers.com/Q/What_are_the_Economic_systems_countries"


What do the economics systems in other countries have in common with the economic system of the us?

They face the same basic economic problems


What pairs of countries have come closest to having purely command economic systems?

China and North Korea come the closest to having purely command economic systems.


Pairs of countries have come the closest to having purely command economic systems?

China and North Korea come the closest to having purely command economic systems.


Why does each country have to develop an economic system?

Countries have to develop economic systems to provide the framework for people inside of the countries to have a means of making money and sustaining their livelihoods.


What pairs of countries have come the closest to having purely command economic systems?

China and North Korea come the closest to having purely command economic systems.


Which of these economic systems developed as European countries began establishing overseas colonies?

mercantilism