It has a market economy, whereas some strategic industries such as water, oil and electricity are owned by the government. This however, is also changing: recent reforms will allow private investment on them as well and Mexico will become a fully market-oriented economy within the following couple of years.
Mexico is considered a developing country, Emerging Market (EM) or Newly Industrialized Country (NIC), because it has a mixture of traditional, labor-intensive industries, running on part to a high-tech, export-oriented economy. This can be seen in terms of economic sector productivity: Mexico's labor force can be divided into:
While the actual share of Mexico's GDP (gross domestic product) goes as follows:
This means that 13.4% of Mexico's labor force contributes to only 3.6% of the economy (US$11,388 per worker), while services is more productive (US$43,306 per worker) and industry is almost on-par to developed countries. (US$57,468 per worker). For reference, the country of Portugal -- a developed country in Europe -- has the following productivity: US$15,592 per agriculture worker, US$51,183 per manufacturing worker and US$62,842 per services worker.
No, it is capitalist: class ownership, wage labour, production for sale.
Yes its a cross between capitalism and socialism. Therefore its mixed.
Yes, Mexico is a mixed economy.
Mongolia has a mixed government
Command economy, market economy, and traditional economy. The United States of America is a Market economy.
The economy of the United States is a mixed economy.
The difference between market economy and mixed economy is that a marked economy is a marked economy and a mixed economy is a mixed economy
mixed economy
America participates in a mixed economy.
America is a mixed economy
Mongolia has a mixed government
No. It has a market economy.
In America, we live in a mixed economy.
Command economy, market economy, and traditional economy. The United States of America is a Market economy.
The economy of the United States is a mixed economy.
No, it is capitalist: class ownership, wage labour, production for sale.
The difference between market economy and mixed economy is that a marked economy is a marked economy and a mixed economy is a mixed economy
Mixed Economy
mixed economy
Ireland's economy is a mixed economy! (: