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Tourism and farming, i was doing geography homework.

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Q: What two activities form the basis of the west Indian economy?
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What is the purpose of the activities in a tradtional economy?

Activities spark a good economic flow in a traditional economy. With activities being created and done, economy also moves in either a progressive or regressive form.


Which of the terms describes an economy in which prices form the basis for economic decisions?

market or market economy


What is the verb form of the word economy?

The verb form of economy is "economise".


What is the definition of informal trading?

The term "informal sector" was first coined by Keith Hart in his study of the economic activities of the urban economy of Accra, Ghana, in 1973. Hart used the term to refer to the low income activities of the urban poor who could not find wage employment. The term was subsequently adopted and popularised by the ILO in form of "informal economy". While there are disagreements on the definition of the informal economy, most definitions nevertheless emphasise the following characteristics:small scale, low level of organisation and low productivity;happens outside of state licensing and regulation framework; and(some authors include) "legal and economically sound"activities ( differentiating the informal economy from hidden or underground economy).


Why is the US economic system called a mixed economy?

The characteristics of a market economy and command economy combine to form a mixed economy. It incorporates elements of both socialism and capitalism. In a mixed economy, state- owned enterprises and privately owned enterprises co-exist. The economic activities in such an economic system are controlled neither by the business entities that comprise market forces nor by the government. In a mixed economy, both of these come together and ensure economic development.

Related questions

What two activities form the basis of the west Indian?

Farming and tourism.


What two activities form the basis of the west Indian economies?

Farming and tourism.


What is the purpose of the activities in a tradtional economy?

Activities spark a good economic flow in a traditional economy. With activities being created and done, economy also moves in either a progressive or regressive form.


Which of the terms describes an economy in which prices form the basis for economic decisions?

market or market economy


What describes an economy in which prices form the basis for economic decidions?

market


What two activities form the basis of the Caribbeans economies?

Singing and Drawing forms


What is the basis of scientists in dividing earths lithosphere into several plates?

Geographical activities such as volcanic eruptions and earthquakes form the basis of this division.


What do you think is the basis of scientist in dividing earths lithosphere into several plate?

Geographical activities such as volcanic eruptions and earthquakes form the basis of this division.


What do you think is the basis of scientists in dividing earths lithosphere into sever plates?

Geographical activities such as volcanic eruptions and earthquakes form the basis of this division.


What do you think is the basis of scientist is dividing earths lithosphere into several plates?

Geographical activities such as volcanic eruptions and earthquakes form the basis of this division.


What do you think is The basis of the scientist in dividing earths lithosphere into several plates?

Geographical activities such as volcanic eruptions and earthquakes form the basis of this division.


What do you think is the basis of scientists in dividing earth lithosphere into several plates?

Geographical activities such as volcanic eruptions and earthquakes form the basis of this division.