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They face the same basic economic problems

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8y ago
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paulbenn

Lvl 13
1y ago

They are based on wage labour, production for sale, and ownership of the means of production by a tiny minority of people.

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Q: What do the economic systems of other countries have in common with the economic system of the US?
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Related questions

Why do the economic systems of other countries have in common with the economic system of the US?

Most countries have similar economic systems, which are a mixture of a free market and government regulation.


What do the economic systems of others countries have in common with the economic system of the United states?

Most countries have similar economic systems, which are a mixture of a free market and government regulation.


What do the economics systems in other countries have in common with the economic system of the us?

They face the same basic economic problems


What do three economic systems have in common?

Each system represents different answers to the four basic economic questions.


Why does each country have to develop an economic system?

Countries have to develop economic systems to provide the framework for people inside of the countries to have a means of making money and sustaining their livelihoods.


Three types of economic systems?

There are many types of economic systems, but three of the most common are listed here.capitalist economic systemsocialist economic systemmixed economic system


What do all three economic systems have in common?

Each system represents different answers to the four basic economic questions.


What is the most common economic system in the world?

Mixed economic systems combine elements of market and command economies. It is currently the most common economic system.


An essential part of economic systems of developed countries is the use of an?

excise tax WRONG! NOVANET: exchange system


What are Europe's economic systems?

Capitalists economic system


Most countries today operate under which of these economic systems?

Most countries today operate under which of these economic systems


What systems are most common in the English speaking countries of the world?

two