Our economy does not allow a lot of economic growth. Therefore we usually stay the same and don't really expand at all. Another down fall is that our products are not as efficient as they would be if they were to be produced in a factory or by any machinery. Also there is really no opportunity for entrepreneurs so that lowers the quality of peoples lives
Sorry I wud answer it but I don't no wat economic systems are but I know sum negative stuff bat u Bahahahaha
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the 4 main types of economic systems are: a market economy, a mixed economy, a planed economy, and a traditional economy
A traditional economy is an economy based on custom and tradition.The main strength is each person has job. There is less crime. There is no over consumption and surplus.The main weakness is they are poor. There is no innovation or it is not valued.
The three main types of economics are traditional economy, command economy (AKA planed or directed economy)& free enterprise economy (AKA private capitalism or the market economy)
job losses in the domestic economy
Kazakhstan has a Traditional economy
The two main types of economy are Command and Traditional.
the 4 main types of economic systems are: a market economy, a mixed economy, a planed economy, and a traditional economy
A traditional economy is an economy based on custom and tradition.The main strength is each person has job. There is less crime. There is no over consumption and surplus.The main weakness is they are poor. There is no innovation or it is not valued.
The three main types of economics are traditional economy, command economy (AKA planed or directed economy)& free enterprise economy (AKA private capitalism or the market economy)
job losses in the domestic economy
The main drawback is you have to work fast to make a good salary. The pay is slanted on the behalf of the company, not the individual.
Kazakhstan has a Traditional economy
Traditional Economy
china is not a traditional economy now. It has emerged as mix economy.
Command economy, market economy, and traditional economy. The United States of America is a Market economy.
Answer this question… A command economy reduces innovation by requiring all businesses to follow government orders.
Traditional economy has been around since the dawn of man!!!!