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Which is the best economy a country can follow socialist capitalist or mixed economy?
Wiki User
∙ 13y ago
mixed economy according to me is the best economy which a country should follow .Reasons are clarified as follows
- freedom to enjoy the benefit of owing private property.
- arousing the sense of competition to maximize individuals profit margin
- as a central planning authority is present to control the excess money of an individual it guarantees proper distribution of income and wealth to people with all backgrounds.
- problems of inflation and deflation of money can be minimized by the central planning authority.
- consumers will have the right to consume any legal goods they want.
- like consumers the producers will also have the freedom to produce any legal goods they prefer.
- with the help of the forces of demand and supply a reasonable price of goods in the market can be determined.
- all of the above sounds like the manipulative Federal reserve answers...who are the robbers of all of us
Wiki User
∙ 13y ago
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Which country follow mixed economy?
Japan, Italy, Canada , UK, Germany ,Australia , Bangladesh, South Africa, Mexico
What is one drawback of a command economy compared to a free market economy?
Answer this question… A command economy reduces innovation by requiring all businesses to follow government orders.
What is one drawback of command economy compared to a free market economy?
Answer this question… A command economy reduces innovation by requiring all businesses to follow government orders.
Is south America a tradtional country or a command economy?
In a way you can say it is but at the same time it depends on what place you are talking about. You Just have to think about wether they still follow what people did thousands of years ago and if they still do it.
What type of economy in Canada?
Canada,Has a parlimentary governement ..:) Follow me on Instagram ................ LANE__23 AND Look_Its_Dei
Which country follow capitalist economy system?
There are now almost no countries (except perhaps North Korea and Cuba) that do not basically employ a capitalist economic system. The system of government may be dictatorship or communist but the economic systems have all reverted to capitalistic principles.
What political models does china follow?
Although China has a state directed economy, they show free market tendencies. Scholars now maintain that China has developed a State Capitalist economy.
Which country follow mixed economy?
Japan, Italy, Canada , UK, Germany ,Australia , Bangladesh, South Africa, Mexico
Is Russia a communist state or a socialist state?
No. As a follow on from Glasnost and Perestroika in the 1980's, the USSR ceased to exist in 1991 and the 15 constituent republics, including Russia, became democratic countries with market economies, some more successfully than others. Many coountrys now strive to become non comunist.
Why did president Franklin roosevelt follow a theory of pump-priming to combat the great depression?
Because he was a socialist.
What economy does the Eskimos in North America normally follow?
88
How do you install fuel economy gauge in Ford Expedition?
When and if you buy a fuel economy gauge. Follow instructions provided.
What is a drawback of a command economy compared to a free market economy?
Answer this question… A command economy reduces innovation by requiring all businesses to follow government orders.
The eskimos in north America mostly follow this type of economy?
Traditional
What will happen in a market economy if a good become popular?
then people will follow
What is one drawback of a command economy compared to a free market economy?
Answer this question… A command economy reduces innovation by requiring all businesses to follow government orders.
What is one drawback of command economy compared to a free market economy?
Answer this question… A command economy reduces innovation by requiring all businesses to follow government orders.
