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Economic systems are the direct result of individuals not being entirely self-sufficient and, therefore, seek to acquire goods or services gathered or produced by others in peaceful exchange. As the exchanges became more frequent, cultural norms were established to regulate such exchanges and adjudicate any exchanges that were not completed properly. These cultural norms are what we call economic systems. The economic systems change and grow due to the creation of new financial technologies (money, banking, capital, etc.) and new philosophical doctrines on wealth acquisition (mercantilism, state-run economics, capitalism, ecclesiastical economies, etc.)
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Why cultures develop economic systems?
why dp cultures develop economic systems
Why does each country have to develop an economic system?
Countries have to develop economic systems to provide the framework for people inside of the countries to have a means of making money and sustaining their livelihoods.
What are the types of political economic systems?
there is no such thing as political economic systems, there are only economic political systems
Why do kin-based economic systems prevail in non-industrial societies?
prevailing economic systems
What are Europe's economic systems?
Capitalists economic system
Why cultures develop economic systems?
why dp cultures develop economic systems
Why does each country have to develop an economic system?
Countries have to develop economic systems to provide the framework for people inside of the countries to have a means of making money and sustaining their livelihoods.
What caused the regions to develop different economic systems?
Knowing which regions and which timeframe is necessary to giving this question a useful answer.
What economic factors helped strong monarchies develop?
What economic factors helped strong monarchies develop? A centralized systems of taxation. Fostering trade, both internally and externally. Feudal aristocracy Stable and centralized governments
What are the types of political economic systems?
there is no such thing as political economic systems, there are only economic political 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.
Why do kin-based economic systems prevail in non-industrial societies?
prevailing economic systems
What are Europe's economic systems?
Capitalists economic system
Why are economic systems needed?
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.
What three questions must all economic systems answer?
what three questions must all economic systems answer?
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.
