0
What else can I help you with?
The three basic economic systems are?
Mixed free and planned ((;
What are the three types of economic systems?
The three types of economic systems are centrally planned, traditional, and free market (or capitalist).
Why do the economic systems of other countries have in common with the economic system of the US?
Most countries have similar economic systems, which are a mixture of a free market and government regulation.
How do countries know if their economic systems are working?
If a countries economy, growth, and employment are strong they have a good indication that their economic systems are working.
Which economic system would have the least private ownership?
Planned economic systems would have the least private ownership.
What do the economic systems of others countries have in common with the economic system of the United states?
Most countries have similar economic systems, which are a mixture of a free market and government regulation.
What is economic transition?
Economic transition means the process of transitioning of countries from different economic systems. There are basicly 3 main types of economic systems. They are free market, command planned, and mixed economy. (Different books and academics may have different terms for these. What is important is the understanding of the differences). For example, economic transition refers to one country evolving from one economic system to another. It can be said that Country A is moving from command planned to free market. What is interesting about Economic Transitions are the issues faced by the country. There can be many issues like corruption, poverty, social unrest and so on.
Why are economic systems needed?
Economic systems are needed to help control the power in the people and the government. Thus for different countries with different powers relates to the different types of economic systems.
What are the Economic systems countries?
http://wiki.answers.com/Q/What_are_the_Economic_systems_countries"
What are seven different types of economic systems?
Market Mixed Planned Command Traditional Participatory Inclusive Democracy
What do the economics systems in other countries have in common with the economic system of the us?
They face the same basic economic problems
What pairs of countries have come closest to having purely command economic systems?
China and North Korea come the closest to having purely command economic systems.
