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I would recommend a mixed economy for a developing country because it combines the advantages of both market and planned economies, enabling flexibility and responsiveness to local needs. This approach encourages private entrepreneurship and investment while allowing for government intervention to address inequalities and provide essential services. A mixed economy can foster sustainable development by balancing economic growth with social welfare and environmental protection. Additionally, it can attract foreign investment while ensuring that the benefits of growth are distributed more equitably among the population.
What else can I help you with?
Is Alaska a developing country?
Yes, because it has vast areas of preserves doesnit mean that it isn't developed even if it a State and not a Country.
What country has a similar economic system as North Korea?
There is no country in the world that has the kind of autarkic, state-run economy and shadow economy as North Korea, but the "country" that would come the closest would be Hamas-controlled Gaza.
What does the word economy mean?
the system of producing and consuming goods in a country, state, or local area
What is the main features of a developing country?
A developing country 1. Is that country which has relatively low standard of living, an undeveloped industrial base, and a moderate to low Human Development Index (HDI) score and per capita income, but is in a phase of economic development. 2. Usually all countries which are neither a developed country nor a failed state are classified as developing countries.
Why is interstate commerce so important to the development of the country and its economy?
Each state can market the goods they produce and make a living.
Why is Mexico a developing country using the word Mexico City in it?
Because Mexico is not the same as the US state of New Mexico. It is an independent country with a developing economy and has Mexico City as its capital.
Does judaism have a good economy?
Judaism is a religion, not a country or state, and therefore does not have any economy.
Is Tasmania a developing country?
No, Tasmania is not a developing country; it is an island state of Australia, which is classified as a developed country. Tasmania has a stable economy, high standard of living, and well-established infrastructure. While it may face unique challenges related to its geographic isolation and economic dependence on certain industries, it benefits from the overall economic and social framework of Australia.
Is Nome Alaska a developed or developing country?
Nome Alaska is a city in the state of Alaska.
Is belarus an medc?
Belarus is generally classified as a developing country rather than a More Economically Developed Country (MEDC). While it has a relatively high level of industrialization and education, its economy faces challenges such as state control, limited political freedom, and economic reliance on Russia. These factors contribute to its classification as a transition economy rather than a fully developed one.
Is Alaska a developing country?
Yes, because it has vast areas of preserves doesnit mean that it isn't developed even if it a State and not a Country.
What country has a similar economic system as North Korea?
There is no country in the world that has the kind of autarkic, state-run economy and shadow economy as North Korea, but the "country" that would come the closest would be Hamas-controlled Gaza.
What does the word economy mean?
the system of producing and consuming goods in a country, state, or local area
How might the standard of living differ between cities in the developing world and cities developed in the world?
The standard of living in the developed world is higher than the developing world. A country that is developed means it has already gone through industrialization, has a steady and stable economy (that is large), has been modernized, is less corrupt, etc. This all causes the standard of living within a developed nation to be high. A country that is developing is currently going through industrialization, creating a steady and stable economy (is of medium or small size), is becoming modernized, is somewhat to highly corrupt, etc. Typically, the standard of living within a developing nation will rise each year if all goes well. Eventually, this country will have achieved the state of development and its standard of living will, too, be high.
How might the standards of living differ between cities in the developing world and cities in the developed world?
The standard of living in the developed world is higher than the developing world. A country that is developed means it has already gone through industrialization, has a steady and stable economy (that is large), has been modernized, is less corrupt, etc. This all causes the standard of living within a developed nation to be high. A country that is developing is currently going through industrialization, creating a steady and stable economy (is of medium or small size), is becoming modernized, is somewhat to highly corrupt, etc. Typically, the standard of living within a developing nation will rise each year if all goes well. Eventually, this country will have achieved the state of development and its standard of living will, too, be high.
How might the standard of living differ between cities in the developing world and in the developed world?
The standard of living in the developed world is higher than the developing world. A country that is developed means it has already gone through industrialization, has a steady and stable economy (that is large), has been modernized, is less corrupt, etc. This all causes the standard of living within a developed nation to be high. A country that is developing is currently going through industrialization, creating a steady and stable economy (is of medium or small size), is becoming modernized, is somewhat to highly corrupt, etc. Typically, the standard of living within a developing nation will rise each year if all goes well. Eventually, this country will have achieved the state of development and its standard of living will, too, be high.
How might the standard of living differ between cities in the developing world and cities in the developed world?
The standard of living in the developed world is higher than the developing world. A country that is developed means it has already gone through industrialization, has a steady and stable economy (that is large), has been modernized, is less corrupt, etc. This all causes the standard of living within a developed nation to be high. A country that is developing is currently going through industrialization, creating a steady and stable economy (is of medium or small size), is becoming modernized, is somewhat to highly corrupt, etc. Typically, the standard of living within a developing nation will rise each year if all goes well. Eventually, this country will have achieved the state of development and its standard of living will, too, be high.
