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Why are economic systems needed?

Updated: 4/28/2022
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14y ago

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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.

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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


Why cultures develop economic systems?

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How did the british economic and political systems work together to control their territory?

The economic and political systems in Britain used to work together because the political system needed a lot of financial backing for it to remain. There had to be finances if the political system recommended going to war.


Why do kin-based economic systems prevail in non-industrial societies?

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Related questions

What are the types of political economic systems?

there is no such thing as political economic systems, there are only economic political systems


Why cultures develop economic systems?

why dp cultures develop economic systems


What is a way of defining economic systems?

One way to define economic systems is to classify them according to whether they are market systems or command systems.


How did the british economic and political systems work together to control their territory?

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Why do kin-based economic systems prevail in non-industrial societies?

prevailing economic systems


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Economic systems are based on what?

Economic systems are based on the reflection on the values, assumptions and goals of a particular culture.


What are the four types of economic systems?

The four types of economic systems are mixed, traditional, market and command. The economic systems evolves as different societies places different emphasis on different goals.


What economic systems was in place prior to the economic revolution?

Feudal economic system


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Why do the economic systems of other countries have in common with the economic system of the US?

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