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The biggest economic system used to make money is capitalism. Which is a system of free enterprise.
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What is economic system used by South Africa?
mixed economic system
What does economic resources mean?
resources like coal,oil,wood and etc... are used for companies and make money with it
What economic system is used in India?
market economy
What is The economic system that European nations used to enrich their treasuries?
Mercantilism
A scarce commodity used in an economic system?
A scarce commodity used in the context of an economic system is something that there is less of than what is needed. Examples are gasoline during a gas crisis, wheat after a drought, etc.
What is economic system used by South Africa?
mixed economic system
What does economic resources mean?
resources like coal,oil,wood and etc... are used for companies and make money with it
What economic system is used in India?
market economy
Why is it important to have a system of money that is recognized agreed upon and used by all people?
Having a universally recognized system of money promotes trade and economic stability by providing a common medium of exchange. It simplifies transactions, facilitates economic growth, and fosters trust between parties engaging in transactions. Additionally, a widely accepted currency reduces the complexity of international trade and promotes global economic integration.
Modified capitalist system Lenin used to avoid economic disaster?
New economic policy.
What is The economic system that European nations used to enrich their treasuries?
Mercantilism
What do people in Germany use to survive?
Germans have a highly advanced socioeconomic system in which they work to make money. The money is used to buy shelter, food, and clothing.
A scarce commodity used in an economic system?
A scarce commodity used in the context of an economic system is something that there is less of than what is needed. Examples are gasoline during a gas crisis, wheat after a drought, etc.
What is economic system in England?
England is based on captialsm and free market. This system is used to ensure fairness.
What is the aborigines economic system?
They didn't really HAVE one haha. They didn't have currency, they used trade sometimes, but most things they had or wanted they could make themselves.
What did Indians use for money?
The Indians did not have money they used the trading system.
When market or governments make economic decisions about what goods and services their resources will be used to make what basic economic question are they answering?
What to produce
