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What is meant by economic system?

economic system means the economic atmosphere of the country.It means which type of system a country have whether it have socialist economy,capitalistic economy or mixed economy.


What are types of economic system?

Free economic system which is also called capitalist economy Centrally planned economic system which is also called the socialist economy Mixed economic system Military economic system


What is the economic system in the Bahamas?

The economic system in the Bahamas is a market economy. Tourism is a major part of the Bahamas economy.


Do you have a free market system in the US?

The economic system in the US is considered a mixed-economy. It has elements of both capitalism (free market system) and that of a socialist economy system.The economic system in the US is considered a mixed-economy. It has elements of both capitalism (free market system) and that of a socialist economy system.The economic system in the US is considered a mixed-economy. It has elements of both capitalism (free market system) and that of a socialist economy system.The economic system in the US is considered a mixed-economy. It has elements of both capitalism (free market system) and that of a socialist economy system.The economic system in the US is considered a mixed-economy. It has elements of both capitalism (free market system) and that of a socialist economy system.The economic system in the US is considered a mixed-economy. It has elements of both capitalism (free market system) and that of a socialist economy system.


What is economic system used by South Africa?

mixed economic system


Which publicly controlled economy is the nearest a mixed economic system?

The publicly controlled economy which is the nearest to a mixed economic system is a socialist economy. The public will influence such an economy to a great extent.


What economic system MOST supported the colonial economy?

A capitalist economic system is what supported the colonial economy. This meant that the economy was built upon people who could capitalize off of it.


What is the economic system in Kazakhstan?

Kazakhstan has a Traditional economy


What are other names for traditional economy?

command economy


What economic system Philippines belong?

Mixed Economy


In which economic system do individuals answer the basic economic questions?

market economy


What is India's economic system?

Traditional Economy.

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