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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 are the four questions that all economies must answer?
why, how, what and now
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.
How have world economies changed during the modern era?
Economic philosophies such as capitalism and communism have been developed.
Which are the four South American countries with most developed economies?
argentian
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 countries have poor economies?
Congo, Niger, Burundi, and Mozambique are the top four poorest economic countries in the world.
What are the four questions that all economies must answer?
why, how, what and now
How third world economies can can their dependence on first world economies?
They can depend them cause third world econmies start as first world ecoomies.I'm not an expert so..........
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.
How have world economies changed during the modern era?
Economic philosophies such as capitalism and communism have been developed.
Which are the four South American countries with most developed economies?
argentian
Why market economies are becoming popular around the world?
market economies are found in democratic forms of government
What are the five largest economies in the world?
The 'largest' economies are those that are the strongest. As of April 2013, the five strongest economies in the world are:1. Switzerland2. Singapore3. Finland4. Netherlands5. SwedenSee the related link below for more information.
Why do the world's national economies fall inside the continuum?
because the economies wouldn't be able to stay
Can you list top ten largest economies in 2050?
There is no way to know what the top ten largest economies will be in 2050. This because economies are constantly changing daily. Also, major world events often cause major shifts in world economies which could influence who will have a larger economy.
How did World War 2 affect the allies and axis economies?
It helped a little, but they were still poor. Fascist economies are typically bad.
