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Was France was the first nation to build its economy based on capitalism.?
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∙ 7y ago
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Was France the first nation to build its economy based on capitalism?
No, it was one of the last among Western nations. Great Britain was the first. Even today, the French Government and French industry have close ties and even despite EU rules on the subject of free markets and competition, the French Government will immediately involve itself in the affairs of French industry if it feels French interests are at stake.
Capitalism based on what?
A Market Economy
What is The Americans based on?
American economy is based on Capitalism.
What is the US economy based on?
what is Canada's economy absed on
What kind of system is the US economy based on?
capitalism :) i think
What economic system is based on private ownership and competition motivated by profit?
market economy
What is a mixed economy based on?
A mixed economy is based on several different types of economies. For example the mixed American economy is a combination of socialism and capitalism.
The institution of encomienda allowed the?
Europeans to establish an economy based on capitalism
What is the US economy based on which is the private ownership of farms and businesses?
Capitalism
How do you use Capitalism in sentence for kids?
Companies in a market economy make decisions based on supply and demand. An example of a sentence using the term "market economy" is "The opposite of a market economy is a planned economy, wherein decisions are made based on a preconceived plan without regard to supply and demand. "
What is france's economy based on?
nothing
What are the factors for capitalism?
-free market economy and a system based on the principle of individual rights
