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What type of economy does myanmar have?
Myanmar(Burma) has a mixed economy.It would be market economy, but because no country has pure market economy due to government regulations, Myanmar has a mixed economy.
Why would a completely free market economy would not be a practical one for any major country?
A free market economy is an economy in which all markets within it are unregulated by any parties other than those in the market. It limits the government's intervention. If it was completely free than the government would have less intervention and would make the economy much more sensitive and vulnerable.
Which is an example of a mixed economic system?
A mixed economy is where there is a mix of capitalism and socialism and/or public and government control. A basic contempory example of a mixed economy is the United States.that 's how the part of the unitedstates are also in a market economy.
What is the best kind of Economy for a country?
Most people would say a market economy, but it really also depends on how efficient and responsive the government really is.
What is the history of the mixed economy?
An economy which combines elements of the market economy with elements of a command economy; that is, combines characteristics of capitalism and socialism. In a mixed economy, some but not all of the activities of production, distribution, and exchange are organized by the state, and the state generally plays a larger role in setting policy, rules, and objectives, and in controlling labour, than would occur in a purely market economy.The term is sometimes used more loosely to refer to an economy which includes any elements other than a pure market economy, for example pockets of subsistence farming in particular areas of the country
How does the type of economy affect the type of government?
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.
Would you expect new and better machinery and equipment to be adopted more rapidly in a market economy or in a centrally planned economy?
Market economy
What is the foreign market?
A foreign market is any market besides the one based in a person's own country. For example, to an American, China would be part of the foreign market. But to a Chinese person, America would be part of the foreign market.
Which economy would consumers have the most choices of what products to buy?
market economy
What are some examples of nations who use command economy market economy and traditional economy?
Examples of countries that use a command economy are the following: China Cuba Examples of countries that use a market economy are the following: United States Canada Assuming you mean a socialized economy by way of traditional economy, below are examples of some countries that use a socialized economy Italy France Please keep in mind that no country is an absolutely pure version of each type of economy. You could say the United States, for example, shows elements of a socialized economy with its employment of social security and medicaid. You could also say that Cuba, shows elements of a market economy. Even, North Korea, which would be considered one of the most extreme examples of a command economy still has "free enterprise zones" and has condoned (or at least not quickly repressed) a healthy black market for goods and services...the black market being its own market economy.
What economic systems leaves production decisions completely up to the producers?
free-market economy
What kind of econemy is a absolute monarchy?
I would havae to say a market economy. i found an answer that said a capital economy but i needed a specific answer. a market economy is also called capatalism so thats why i say market economy. if anybody has a different answer. please correct me because i would like to know for sure.
