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.
Having a monarchy has no effect on the economic system of that country. Monarchies have presided over traditional economic states, mercantilist states, capitalist states, welfare-socialist states, etc.
The factors of production in an economic system describe functions the resources do. Economic resources are labor, land, enterprise, and capital.The government controls the factors of production in each economic system.
to grade the amount of freedom in each economic system
Each system represents different answers to the four basic economic questions.
The issue of fairness underscores the goal of economic equity. Americans want their economic system to be fair and just. The goal of economic freedom is to allow each member of society to make choices.
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Having a monarchy has no effect on the economic system of that country. Monarchies have presided over traditional economic states, mercantilist states, capitalist states, welfare-socialist states, etc.
Each country has their own education system designed to the needs of the country and the countries economic ability to pay for schooling.
to grade the amount of freedom in each economic system
to grade the amount of freedom in each economic system
The factors of production in an economic system describe functions the resources do. Economic resources are labor, land, enterprise, and capital.The government controls the factors of production in each economic system.
It depends on which country you are referring. Each country has its own rule to determine who is the manager of the economic issues. Usually he is the Minister of Economic Affairs.
microeconomics
to grade the amount of freedom in each economic system
Each system represents different answers to the four basic economic questions.
Each system represents different answers to the four basic economic questions.
Canada...they are each other's largest trading partners; together Canada & the US have the world's largest trading relationship (on a bilateral basis) in the world