Libya has a command economy. Also known as controlled or planned economy. This is where a government retains the power to decide how the nations economic resources should be allocated. It has complete control over how theses resources are used.
Free market 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.
traditional economic system command economic system market economic system
traditional economic system command economic system market economic system
capitalism
Free market economic system
Not true. If you study the Libya's system you will come across something called Administrative Expense. This is the term they use.
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.
Romania has now a liberal system.
The global economic and geopolitical system can be crushed through the use of technology by influencing the way things are done.
traditional economic system command economic system market economic system
traditional economic system command economic system market economic system
exchange system Nova net
a system indivivisuals own the factors of production and decide how to use them.
The Igbo use cowries for money.
capitalism
It means Transportation Economic Land Use System