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Q: What are Latin America economic systems most like?
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Mercantilists economic philosophy?

Mercantilism is defined as being the economic policy or theory in which a country sets up a colony or several colonies, like Spain did in Latin America or Britain in North America, for the sole reason of the economic gain of the mother country. IN other words, the only reason a mercantilistic country would set up a colony was for the economic prosperity of the mother country through the natural resources and manual labor gotten in the colony.


The idea that producers make goods that consumers like and are willing to pay for is a principle of what economic systems?

market


Describe the 4 basic economic systems?

the are four types of economic systems: traditional economies, market economies, command economies, and mixed economies. these economic systems differ in how to answer the three basic questions: how to produce, what to produce and for whom to produce. In traditional economies, the three economic questions are decided mainly by social customs. In market economies, the economy is like capitalism in U.S and the economic questions are decided by individuals in the marketplace. In command economies, is like comunism and the questions are decided by the government. In mixed economies, they are decided by a combination of market decisions making and government order. Many different combinations of these four kinds of economic systems are operating around the world today, with different degrees of success.


What are the four basic economic systems around the world?

There are four types of economic systems: traditional economies, market economies, command economies, and mixed economies. these economic systems differ in how to answer the three basic questions: how to produce, what to produce and for whom to produce. In traditional economies, the three economic questions are decided mainly by social customs. In market economies, the economy is like capitalism in U.S and the economic questions are decided by individuals in the marketplace. In command economies, is like communism and the questions are decided by the government. In mixed economies, they are decided by a combination of market decisions making and government order. Many different combinations of these four kinds of economic systems are operating around the world today, with different degrees of success. Free-market and command (apex)


What is economic transition?

Economic transition means the process of transitioning of countries from different economic systems. There are basicly 3 main types of economic systems. They are free market, command planned, and mixed economy. (Different books and academics may have different terms for these. What is important is the understanding of the differences). For example, economic transition refers to one country evolving from one economic system to another. It can be said that Country A is moving from command planned to free market. What is interesting about Economic Transitions are the issues faced by the country. There can be many issues like corruption, poverty, social unrest and so on.

Related questions

Did Woodrow like or dislike Latin America?

He liked Latin America a lot.


Which Religion is practice by Colombian?

Christianity, like most of Latin America.


What are the economic systems like in japan?

good they smell like noodles and susho


Is Latin a race?

no latin is not a race..its more of something like the Greeks under latin u could have like dances and stuff also u have Latin America


Which day of the week do calendars in Spain and Latino America begin with?

In Spain and all of the countries in Latin America, the first day of the week is Sunday, like it is in every country in the world.In Spain and all of the countries in Latin America, the first day of the week is Sunday, like it is in every country in the world.In Spain and all of the countries in Latin America, the first day of the week is Sunday, like it is in every country in the world.In Spain and all of the countries in Latin America, the first day of the week is Sunday, like it is in every country in the world.In Spain and all of the countries in Latin America, the first day of the week is Sunday, like it is in every country in the world.In Spain and all of the countries in Latin America, the first day of the week is Sunday, like it is in every country in the world.In Spain and all of the countries in Latin America, the first day of the week is Sunday, like it is in every country in the world.In Spain and all of the countries in Latin America, the first day of the week is Sunday, like it is in every country in the world.In Spain and all of the countries in Latin America, the first day of the week is Sunday, like it is in every country in the world.In Spain and all of the countries in Latin America, the first day of the week is Sunday, like it is in every country in the world.In Spain and all of the countries in Latin America, the first day of the week is Sunday, like it is in every country in the world.


What is Latin America's climate and weather like?

the weather changes every day and latin america is usely really hot but the climate always changes on what it could be like in the weather


How do people live in Latin America?

they live like they are in a paridise


What was Latin America like in the 20th Century?

there was a lot if immigration


Which Latin America countries like and dislike NAFTA?

Mexioc


Mercantilists economic philosophy?

Mercantilism is defined as being the economic policy or theory in which a country sets up a colony or several colonies, like Spain did in Latin America or Britain in North America, for the sole reason of the economic gain of the mother country. IN other words, the only reason a mercantilistic country would set up a colony was for the economic prosperity of the mother country through the natural resources and manual labor gotten in the colony.


What are the causes of illegal drugs and smuggling from Latin America?

The causes of illegal drugs and smuggling from Latin America are multifactorial. They include high demand for drugs in the United States and other countries, poverty and lack of economic opportunities in Latin American countries, weak law enforcement and corruption, political instability, and the presence of powerful drug cartels that exploit these conditions. The geographical proximity of Latin America to drug-producing regions like the Andean countries also contributes to the prevalence of drug smuggling.


The population of Latin America has what?

full of people that smell like churros