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an economic system in which the central government directs all major economic decisions
CommunismNovaNet
NO. In a traditional economic system, the government does not involve itself with transactions, primarily since the barter system makes it difficult for the government to monitor transactions.
the government enforces economic laws and regulations
the government controls the economic system through banks taxes and other ways inwhich we may not think of.
an economic system in which the central government directs all major economic decisions
CommunismNovaNet
NO. In a traditional economic system, the government does not involve itself with transactions, primarily since the barter system makes it difficult for the government to monitor transactions.
the government enforces economic laws and regulations
the government controls the economic system through banks taxes and other ways inwhich we may not think of.
It has an economic system
ManufacturingRegulationDistribution
Socialism has no wages or only or prices, hence no economic system. It also has no classes or rulers or government.
Capitalism
Father
The main types of stratification systems are caste system, class system, and estate system. In a caste system, individuals are born into their social position and have limited mobility between classes. In a class system, social mobility is more possible based on individual achievements and economic status. An estate system is based on the ownership of land and typically involves three main classes: clergy, nobility, and commoners.
runs the economic system