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The type of economy usually matches the type of government. For example, a democratic country will usually have a capitalist (or free market-based) economy while a non-democratic country will usually have a socialist economy. The more freedom there is in the government usually brings about more freedom in the economy. However, I would say that the type of government affects the economy and not vice versa. Of course, if the economy completely crashed, it could cause a democratic country to become non-democratic. People tend to vote for radical decisions during crises.
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∙ 11y ago
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What type of economy is controlled by the government?
Command Economy
Is a Republic a type of economy?
No, it is a type of government
How does the government regulation affects the economy?
It would have been more apt, if it is reworded as How does the government regulation affect market economy. In a controlled economy, government decides what its economy should be and hence has no relevance.In a market economy, the fundamental aspect of Choice and freedom... This enables production as per market demand and also creation of new markets for products. Government regulations affect the choice and freedom and hence may affect the market dynamics and economy.
How does the government fiscal policy affect the economy?
When inflation increase
In which type of economy would prices be set by the government?
command economy
What type of economy is controlled by the government?
Command Economy
Is a Republic a type of economy?
No, it is a type of government
How does the government regulation affects the economy?
It would have been more apt, if it is reworded as How does the government regulation affect market economy. In a controlled economy, government decides what its economy should be and hence has no relevance.In a market economy, the fundamental aspect of Choice and freedom... This enables production as per market demand and also creation of new markets for products. Government regulations affect the choice and freedom and hence may affect the market dynamics and economy.
How did the new deal affect the government?
It made the economy bad
How does the government fiscal policy affect the economy?
When inflation increase
What is the type of economy for presidential government?
It is supposed to be a free market economy.
In which type of economy would prices be set by the government?
command economy
What type of government uses command economy?
command
What Countries with a capitalistic view of society have which type of economy?
Capitalist would be the type of economy. An economy run by the free market, and has little-to-no government regulation.
How did a decade of Republican government affect the economy?
A decade of republican government put the economy in debt. During Reagan's time the money was spend on defense spending.
What refers to the use of taxation and government expenditures to affect the economy?
Fiscal policy
How do tornadoes affect the economy?
well the economy gets money....so its good for them because the government pays them for the damages a tornado does.
