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It is more like a "work in progress". It has a market-oriented economy, but Mexico is considered a developing country with a mix of modern and outmoded practices. For instance, you will find automotive and electronics research and development centers in large, "western-like" cities as well as several villages still performing subsistence farming.
What else can I help you with?
What type of economic system does mexico have?
Mexico has a free market economy.
Does Mexico have a capitalist traditional or command economy?
Mexico has a traditional capitalist economy, transitioning to a modern capitalist one -- Mexico is an Emerging Market (EM), or Newly Industrialized Country (NIC).Mexico has never been a command economy.
What kind of ecomomic system does Mexico have?
It is an "emerging market economy" with capitalistic tendencies.
What are some advantages of Mexico's economic system?
in Mexico the food is good
How is Mexico's economy?
nova-net: they fail to provide good wages and safe conditions.
What is New Mexico's economy based on?
Mexico's economy is largely based on Industry.
Who is the Secretary of Economy for Mexico?
Ildefonso Guajardo Villareal is the Secretary of Economy for Mexico.
Why is Mexico's economy equal to the United States' economy?
This is only true for the economic system, which is a free market economy.The US is the largest economy in the world in terms of volume ($16.72 trillion) and 13th in income per capita ($52,800). Mexico is the 11th largest economy with a GDP of $1.85 trillion and 88th in income per capita ($15,600).
What is a system people use to produce good service?
It's an economy
What is a system people use to produce good and services?
It's an economy
Is mexico a stable goverment?
Mexico is economy and politicaly stable
Mexico is changing from an agricultural economy to what economy?
To an industrial economy. It has already began since the 1940's, but is not fully industrialized, which is why Mexico is still a "developing country".
