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What type of country is most likely to find a traditional economy?
Under Developed
What economic system do most countries operate under today?
Capitalism, with all the expected problems:poverty, mi equality, environmental damage
Which economic systems do Most countries today operate under?
Capitalism: wages system, production for sale, class ownership of the means of life.
What countries have a communist Economic System?
No countries have or could have a Communist economic system. Communism is a classless stateless society based on production for use, with no money and no economy. Also, it would have to operate at a global level.
In which type of country is one most likely to find a traditional economy?
underdeveloped
Most countries today operate under what economic system?
mixed economy
What economic system does India operate under?
India was based more on a traditional economy before the British came, but after British Rule they have been influenced to become a more mixed economy.
What type of country is most likely to find a traditional economy?
Under Developed
What countries are under gift economy?
china , russia ,spain
What economic system do most countries operate under today?
Capitalism, with all the expected problems:poverty, mi equality, environmental damage
Which economic systems do Most countries today operate under?
Capitalism: wages system, production for sale, class ownership of the means of life.
What type economic system does India operate under?
India's previously State operated industries has rapidly been developed into a more open mixed economy. Industrial deregulation and the privatization of formerly either owned or government controlled industries has been continuing.
In which type of country is one most likely to find a traditional economy?
underdeveloped
What countries have a communist Economic System?
No countries have or could have a Communist economic system. Communism is a classless stateless society based on production for use, with no money and no economy. Also, it would have to operate at a global level.
What countries are under command economies?
China, South Korea, Cuba, and Russia are countries that are under command economies. This type of economy is common in a communistic country.
Which sector of the economy grew most under the soviet system?
Factories
Price system between capitalist economy and socialist economy?
Socialism has no money, no economy and no prices. Under capitalism, prices are essentially determined by the amount of labour involved in producing something (affected too by supply and demand, among other things).
