Israel and Turkey have capitalist economic systems with a moderate degree of state investment. Saudi Arabia is petro-state.
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Economic systems can be broadly categorized into capitalism, socialism, and mixed economies. Similarities among these systems include their goal of allocating resources to meet the needs and wants of society, as well as their reliance on some form of market mechanism. Differences arise primarily in terms of ownership and control; capitalism emphasizes private ownership and market-driven decisions, while socialism prioritizes collective ownership and planned economic activity. Mixed economies attempt to combine elements of both, balancing private enterprise with government intervention to address social inequalities.
for micro we are studying the economic systems in general but as for macro we are now `looking at the world 's economy as a whole
The two systems aim to achieve economic growth and prevent inflation.
Answer this question… Free enterprise systems allow for more individual economic innovation.
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Similarities: spurred for similar reasons by natural rights, restricted liberty, representation and enlightenment ideas. Both had a large gap between the rich and the poor. Differences: racial issues, economic stability, social systems were different, the slaves in Haiti revolted for freedom and independence while the French revolted for a new order system, social and economic changes.
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Early civilizations in Mesoamerica, such as the Olmec and Maya, shared similarities in their agricultural practices, social hierarchies, and belief in complex religious systems. Differences include architectural styles, writing systems (Maya hieroglyphs vs. Olmec pictographs), and the specific deities worshipped in their respective cultures.
Similarities: Both the UK and India were former British colonies, have parliamentary systems of government, and share a common language in English. Differences: The UK is a developed country with a higher standard of living compared to India, which is a developing nation. The UK has a constitutional monarchy, while India is a federal parliamentary democratic republic. Cultural differences, economic disparities, and historical backgrounds also distinguish the two countries.
for micro we are studying the economic systems in general but as for macro we are now `looking at the world 's economy as a whole
Similarities among Native American social structures included community-based governance, emphasis on kinship ties, and respect for nature. Differences could be seen in societal organization (e.g. matrilineal vs. patrilineal), economic systems, and social roles based on region or culture.
the are penumatic systems
They both are colleges
they have goods and services
The two systems aim to achieve economic growth and prevent inflation.