I believe that it is command economy..
Planned (command, centrally planned, or controlled) economy
Planned (command, centrally planned, or controlled) economy
The types of businesses found in developing countries are ones that could help the economy. Tourism, alternative energy, and importing/exporting are popular business areas.
Developing economy
How an economy is controlled depends on what system that economy is following. And economy can be controlled by the relationship between supply and demand, or by government fiat, for example. It can also be controlled by a country's relationships with other countries.
governments provide economic services to citizens
Planned (command, centrally planned, or controlled) economy
Planned (command, centrally planned, or controlled) economy
prevents governments from interfering with businesses (Apex)
The types of businesses found in developing countries are ones that could help the economy. Tourism, alternative energy, and importing/exporting are popular business areas.
I think they must have a mixed economy
Developing economy
How an economy is controlled depends on what system that economy is following. And economy can be controlled by the relationship between supply and demand, or by government fiat, for example. It can also be controlled by a country's relationships with other countries.
Command economies are motivated by the government, which institutes how the economy will work.
An economy controlled by the government is called a centrally planned economy. It can also be referred to as a command economy.
Economies can be completely controlled to entirely benefit the government, such as communism or dictatorships. Or the economy can be free will, like capitalism, which will prosper the people and businesses
It is a controlled by the government