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An economic system contains three types, market,command, and traditional. Market is selling stuf on your own, traditional is well a tradition and commmand is being told to do so by the government.
(Is a system that involves production, distribution, and consumption of goods and services, Between entities in a particular society. composed of people and institutions.) (Is a system that involves production, distribution, and consumption of goods and services, Between entities in a particular society. composed of people and institutions.)
Wiki User
∙ 9y ago
Wiki User
∙ 9y ago- economic system-is not working when people became aware of that there are important things that need to be done,but are sitting around doing nothing because the system does not support them with the motivation to get on.
Wiki User
∙ 12y agoAn economic system is a system that involves the production, distribution and consumption of goods and services between the entities in a particular society. The economic system is composed of people and institutions, including their relationships to productive resources, such as through the convention of property. In a given economy, it is the systemic means by which problems of economics are addressed, such as the economic problem of scarcity through allocation of finite productive resources. Examples of contemporary economic systems include capitalist systems, socialist systems, and mixed economies. Economic systems is the economics category that includes the study of respective systems.
Source(s):.wikipediaWiki User
∙ 9y agoThe term "economic system" refers to the method by which trade and business organizations are regulated by the state.
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What are the different economic system?
traditional economic system command economic system market economic system
What are the three different economic system?
traditional economic system command economic system market economic 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 .
Why is it that there is no ideal economic system?
no ideal economic system
What the economic system vs political system?
What the Economic system v. political system
What are the different economic system?
traditional economic system command economic system market economic system
What are the three different economic system?
traditional economic system command economic system market economic system
How do you understand sensation?
I understand sensation from a Psychological and an Economic perspective
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 .
Why is it that there is no ideal economic system?
no ideal economic system
What the economic system vs political system?
What the Economic system v. political system
What are types of economic system?
Free economic system which is also called capitalist economy Centrally planned economic system which is also called the socialist economy Mixed economic system Military economic system
What is the nature of economic system of a company?
What is nature of economic system?
What type of economic system does the Philippines have?
mixed economic system
What economic system does Ghana have?
Nothing, that don't have an economic system.
Is Islamic economic system better for Afghanistan?
There is no Islamic economic system any more than there is a Hindu economic system.
What is the economic system that promote economic equality?
Not everyone agrees about which economic system best promotes economic equality. Those who advocate for socialism often argue that it's the fairest economic system.
