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The primary factor in determining the type of economy in a nation is how it allocates resources and produces goods and services, which is influenced by the level of government intervention and market mechanisms. Economies can be categorized as traditional, command, market, or mixed based on whether they rely more on central planning or free-market principles. Additionally, cultural, historical, and social factors also play a significant role in shaping a nation's economic system.
What else can I help you with?
The growth of the nation's economy during the 1920s was called .?
The growth of the nation's economy during the 1920s was called urbanization.
What determines the kind of economy a nation has?
A nation choses its economy based on its economic goals. Economic growth is often any nation's goals. With that in mind a free market economy will help achieve that goal.
How did the panic of 1837 affect the the nation's economy?
it ruined the nations economy by no money
Is Strength of nation lies in its economy?
yes
How a nation progress?
Infrastructure economy and army
What nation has the world's largest economy?
The United States has the largest economy by a factor of 4, ahead of Japan
What is The most important factor influencing the level of a president's support?
the conditions of the nation's economy
How research will be helpful for the development of a nation's economy with real time examples?
Of course, research will be helpful for the development of a nation's economy. The more research there is, the better it will be for that nation's economy.
The growth of the nation's economy during the 1920s was called .?
The growth of the nation's economy during the 1920s was called urbanization.
What determines the kind of economy a nation has?
A nation choses its economy based on its economic goals. Economic growth is often any nation's goals. With that in mind a free market economy will help achieve that goal.
How did the panic of 1837 affect the the nation's economy?
it ruined the nations economy by no money
Is Strength of nation lies in its economy?
yes
How a nation progress?
Infrastructure economy and army
What is the concept and definition of political economy?
One definition of political economy consists of the study of the management, direction, organization, and manipulation of a nation's economy. The political philosophy of a nation, in this case, is geared economical control.
What are the role of technological advancement in nations economy?
Technology plays a key role in the advancement of economy for a nation. With modern technology a nation is able to streamline its process, multiply its production, thus adding to the economy.
Which factor is most contributing factor to increase nation's wealth?
The largest factor is the amount of labor.
What was the American systems?
A plan to organize and strengthen the nation's economy New tariffs to protect american industry.
