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What else can I help you with?
Does Peru use free market economy command economy or mixed economy?
It would be Traditional economy because command economy would sort of be like Cuba and mixed economy would be like us (The United States).
If the US government took over the auto and steel industries how would this affect our economy?
our mixed economy would become less of a command and more of a traditional economy.
Which type of community would have a traditional economic system?
a non-industrialized nation
What is the role of entrepreneurship in the economy of the US?
Its HUGE for ANY economy and if MORE people were one the financial problem would be no more!
What would your future be like if you lived in a traditional economy?
India and it's caste system. You are born into a certain realm of career choices and a distinct class and lifestyle. Traditional economies exist also (at the most fundemental level) in rural areas dependant upon subsistence farming and the community. Examples of this would be rural Brazil, if your father was a farmer, you are a farmer, if your father raised cattle, you raise cattle. On the other hand, if your father was "mayor" (or the equivalent), hey, you're mayor.
Does Peru use free market economy command economy or mixed economy?
It would be Traditional economy because command economy would sort of be like Cuba and mixed economy would be like us (The United States).
If the US government took over the auto and steel industries how would this affect our economy?
our mixed economy would become less of a command and more of a traditional economy.
Who will buy goods in traditional economies private consumers or industry?
i would say a private consumer because the traditional economy would no longer be traditional if it was to be controlled by an industry.
What is trditional econimes?
A traditional economy is an economy based on the people's traditions. For example, if my dad was a blacksmith, I would be one too.
Which type of community would have a traditional economic system?
a non-industrialized nation
What is the role of entrepreneurship in the economy of the US?
Its HUGE for ANY economy and if MORE people were one the financial problem would be no more!
What are the type of economics?
There are command economies, which you would find in a dictatorship or true monarchy, free economies, which you would find in Democracies or Republics, there is the mixed economy, Which is what we have, and finally there is the traditional economy which describes tribal and agricultural economies.
What would your future be like if you lived in a traditional economy?
India and it's caste system. You are born into a certain realm of career choices and a distinct class and lifestyle. Traditional economies exist also (at the most fundemental level) in rural areas dependant upon subsistence farming and the community. Examples of this would be rural Brazil, if your father was a farmer, you are a farmer, if your father raised cattle, you raise cattle. On the other hand, if your father was "mayor" (or the equivalent), hey, you're mayor.
Predict effects on a population if some of the animals in the community are scarce or if there are too many?
Wildlife-wise, if there was too many, it depends on what type of life there is there. Grass and plant consuming animals can have a effect on the community if it depends on plants and agriculture. Wildlife that deplete the source of farming products by consuming them would give the community a bad economy. If there wasn't enough, a commutiy depending on fur-trading and meat would deplete in both economy and health of the community. It would depend on what the community depends on to be prosperous, and how it is uses the animal wildlife.
Why were industrial and agriculture surpluses a problem for us economy?
Industrial and agricultural surplusses were a problem for the US economy because if they couldn't get rid of or sell their product, the price of the products would collapse. They in turn lowered production to meet the real demand.
How can you best describes a traditional economy?
A traditional economy is an economic system where decisions are based on customs, beliefs, or religion within a social community. People work together to produce goods to meet their needs, and share with family. They trade with their community/family with their excess.
What pillar of free enterprise would be missing in a traditional economy?
In a traditional economy, the pillar of competition would be missing. Traditional economies typically rely on customs and practices rather than market forces, which limits the entry of new businesses and innovations. This absence of competition can lead to inefficiencies, as there are fewer incentives for producers to improve quality or reduce prices. Consequently, economic growth and consumer choice are often restricted in such systems.
