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How does a traditional economy differ from a capitalist economy?
Wiki User
∙ 11y ago
In a capitalist system, the government answers the three basic questions.
Wiki User
∙ 11y ago
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Is New Zealand a traditional economy?
NO. New Zealand is a modern capitalist 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.
Why does Mexico have a traditional economy?
Mexico has a mix of traditional (i.e: made by hand or with little help from automated work) and modern economy. This is the reason it is considered an emerging market.
Is Ghana a capitalist or socialist economy?
Ghana is a capitalist economy.
Is US a capitalist economy or mixed economy?
Capitalist: wages system,production for profit, class ownership.
Is New Zealand a traditional economy?
NO. New Zealand is a modern capitalist 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.
Is Ghana a capitalist or socialist economy?
Ghana is a capitalist economy.
Why does Mexico have a traditional economy?
Mexico has a mix of traditional (i.e: made by hand or with little help from automated work) and modern economy. This is the reason it is considered an emerging market.
Is US a capitalist economy or mixed economy?
Capitalist: wages system,production for profit, class ownership.
Is Uruguay a capitalist or communist economy?
A capitalist economy since its conception.
How did the command economy under Stalin differ from a capatalist economy?
A command economy is a system where the government controls economic activity and the production and distribution of goods. In a capitalist economy, such things are determined by market forces.
List of countries with capitalist economy?
Two of the countries that have a capitalist economy include: Germany and the United States. Also, China, India, and Japan have a capitalist economy.
Is Britain a capitalist or socialist economy?
true
Is free enterprise found in a capitalist economy or socialist economy?
It is found in a capitalist economy. However, do remember no nation currently has a pure capitalist or pure socialist economy. Every nation has a trace of capitalist and socialist
How is Barbados a democratic capitalist economy?
is barbados a capitalist country
What are the supportive arguments you will raise favouring capitalist economy?
what are supportive argument you will raise favouring capitalist economy
