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How do we classify a nation's economic system?

According to how the three basic economic questions are answered.


What is a good sentence using the word article?

According to the newspaper article, the school system will cut 30 teachers. The officers found a single article of clothing on the bike path.


Which economic system can change direction quickly and drastically?

It is the command economy.


How did the authors of the Constitution set up the basis for a sound economic system?

I believe that Alexander Hamilton had set up the sound economic system, basing it largely of England's economic system. (feel free to add or change)


What is a traditionalist-based economic system?

A tradition-based economic system is an economic system where economic decisions are based largely on cusom. The four economic questions are answered according to the traditions of the country. People produce and distribute goods in the ways that have been followed for hundreds of years by their ancestors.


What economic system is characterized by the least change?

I think it's the command economy.


What are the different economic system?

traditional economic system command economic system market economic system


Pressure to change the apartheid system included?

international economic sanctions and internal protests.


What are the three different economic system?

traditional economic system command economic system market economic system


Can a president set up a court system?

No, only Congress can set up the court system according to Article 3 and 1 of the US Constitution


Which economic system has relative prices change to reflect changes in supply and demand for different commodities is known as a?

Price or market system


What are three main economics for economic system?

There are 3 main economics for economic system which are given below: 1.) Capitalism economic system 2.) Socialism economic system 3.) Mixed economic system .