it dies
A dictatorship
The Primary economic system of east Asia is Democracy because they have this in most of the countries that dwell there. But in China they have a dictatorship economic system. REPLY: Democracy isn't an economic system its a type of government and when you said China has a dictatorship economic system, i think you mean they have a command economy.
There are now almost no countries (except perhaps North Korea and Cuba) that do not basically employ a capitalist economic system. The system of government may be dictatorship or communist but the economic systems have all reverted to capitalistic principles.
Having a monarchy has no effect on the economic system of that country. Monarchies have presided over traditional economic states, mercantilist states, capitalist states, welfare-socialist states, etc.
A dictatorship Is a system where one person rules an area or country. A totalitarian dictatorship is when that one person interferes with every aspect of your life. In a way, a dictatorship can still be considered free
Decisions about the kind of economic system a country has are normally made by that country's government.
Every country has an economic system
Not anymore. The dictatorship regime in Ecuador ended in 1979. Ecuador is currently governed by a Presidential system and is a Democratic Republic country.
When people are corrupt the whole country and government suffers. THe country goes into dept and there is no stable economic system anymore. Mexico is a good example.
North Korea's economic system is restricted due to it's communist form of government. South Korea's economic performance has no restrictions.
China
The economic system is called mercantilism.