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One way to define economic systems is to classify them according to whether they are market systems or command systems.
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∙ 13y ago
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What are the types of political economic systems?
there is no such thing as political economic systems, there are only economic political systems
What economic systems are the basic economic questions answered by the way people have lived over a long period of time?
Traditional Econmy
What is the term used to describe economic systems in which the basic economic questions are answered based on a socially pre-established way?
tradiotnational
Why cultures develop economic systems?
why dp cultures develop economic systems
What is the defining quality of hi fi systems?
Hi fi is a shortened version of high fidelity. In hi fi systems, the sound that is produced is highly true to the original sound, the way the artist had recorded it.
What does A country's econmic systems refers to?
the answer is a economic refers to the way in which it produces and distributes goods and services .
Why do kin-based economic systems prevail in non-industrial societies?
prevailing economic systems
What are Europe's economic systems?
Capitalists economic system
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 three questions must all economic systems answer?
what three questions must all economic systems answer?
Economic systems are based on what?
Economic systems are based on the reflection on the values, assumptions and goals of a particular culture.
What economic systems was in place prior to the economic revolution?
Feudal economic system
