Free Market but a dependent one. PEI is not economically sustainable outside of Confederation. That might seem obvious since they have a Billion dollar bridge the 140,000 people living there could never afford but even without the bridge PEI is very dependent.
Their economy depends on support, programs, special status and rules, and even cash transfers from Confederation to sustain itself. Such a large level of support restricts economic freedom, and prevents open and free markets which limits their growth, and puts them at risk should the nature of Confederation change to a more equitable system.
Edward M Sollbach has written the book "Shift: A New Paradigm for Economic Competitiveness". It explores how creating a shift in societal norms and values can lead to a more sustainable and equitable economic system.
traditional economic system command economic system market economic system
traditional economic system command economic system market economic system
There are 3 main economics for economic system which are given below: 1.) Capitalism economic system 2.) Socialism economic system 3.) Mixed economic system .
no ideal economic system
What the Economic system v. political system
Free economic system which is also called capitalist economy Centrally planned economic system which is also called the socialist economy Mixed economic system Military economic system
What is nature of economic system?
mixed economic system
Nothing, that don't have an economic system.
There is no Islamic economic system any more than there is a Hindu economic system.
Not everyone agrees about which economic system best promotes economic equality. Those who advocate for socialism often argue that it's the fairest economic system.