1. Debt - 16 Billion Dollars
2. Recession - Since 2007
3. Unemployment - 9%
The 3 basic economic system models are mixed economy, command economy, and free-market economy. In a mixed economy recourse are owned publicly and privately while in a command economy resources are owned by the government.
3 types of economic system
A.) Traditional economy. :3
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by the interaction of buyers and sellers in a marketplace.
The 3 basic economic system models are mixed economy, command economy, and free-market economy. In a mixed economy recourse are owned publicly and privately while in a command economy resources are owned by the government.
3 types of economic system
A.) Traditional economy. :3
hgh
by the interaction of buyers and sellers in a marketplace.
Market Economy - Where consumers decide which goods and services they want and businesses provide these. Most businesses in a market economy are privately owned. The USA is an example of a market economy. Command economy - Where the government owns most businesses. The government decides what and how much will be produced. Russia and China used to have planned economies. Traditional economy - an economic system in which people make economic decisions based on customs and beliefs that have been handed down from one generation to the next. A mixed economy is another kind of economic system which bledns elements of the 3 above economic systems. It is not one of the 3 major types of economies.
Three quarters of negative GDP had a significant impact on the economy, leading to a contraction in economic activity, decreased consumer spending, reduced business investments, and potentially higher unemployment rates. This can result in a slowdown in economic growth and overall economic instability.
There are only two flows of economy. In or out
Political Weaknesses Economic Weaknesses Social Weaknesses
There are basically four kinds of economic systems: 1) Market economy- An economic system in which individuals own and operate different factions of production. Examples: Free Enterprise & Capitalism 2) Command economy - An economic system in which government owns and operates all factions of production. Examples: Socialism & Communism 3) Traditional Economy - An economic system based on culture and tradition. Economy is based on agriculture and hunting. Examples: Non-Industrialized agrarian societies. 4) Mixed Economy - An economic system where both command and market systems are featured. Examples: United States is not a pure capitalist country for there are forms of socialism instilled in it to benefit individuals in need of services and has minimum wages, however, free enterprise reigns in the U.S. China also has both forms of economy, however, the Chinese government controls the prices and production.
education economic social ideological
1 contribute for the gnp increament throug investment participation 2 allivate poverty 3 strength the economy