According to how the three basic economic questions are answered.
Economic System
Africa does not have an economic system of its own. Africa is a CONTINENT, not a country. It is composed of 53 nations.
impiralism
Economic system is some sort of arrangements regarding the production of goods and services to satisfy human wants and needs.Economist deals with three questions to classify all economic system,which are:*What to produce?*How to produce?*For whom to produce?By answering these three questions economists make any economic decision.
Mercantilism
Economic System
Africa does not have an economic system of its own. Africa is a CONTINENT, not a country. It is composed of 53 nations.
impiralism
Economic system is some sort of arrangements regarding the production of goods and services to satisfy human wants and needs.Economist deals with three questions to classify all economic system,which are:*What to produce?*How to produce?*For whom to produce?By answering these three questions economists make any economic decision.
Mercantilism
Japan
Mercantilism is the economic system that equates a nations wealth with the amount of its gold and silver. Mercantilism was in effect from the 16th to 18th century in France.
What is nigeria's economic system? What is nigeria's economic system?
The International Standard Industrial Classification (ISIC) is a system used to classify economic activities at a detailed level. It provides a framework for organizing statistical data on different economic sectors for purposes such as analysis and comparison across countries. The ISIC is maintained by the United Nations Statistics Division.
An economic system
Market
World Systems Theory