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Depends. If you mean the average person, a socialist/communist system works best If you are talking about which will give you the best ability to excel, become innovative and improve your lot in life and become rich, Capitilism is the best way to go. A capatilist system with socialist and left leaning tendencies works best for everyone, since it protects lower classes while allowing for people to improve their lot in life.
What else can I help you with?
A democratic political system is an essential for sustained economic progress?
yes a good democratic system of govt can sustain economic progress yes a good democratic system of govt can sustain economic progress
What is barbados economic system?
Barbados is a democratic capitalist economy.
What most democratic countries have which type of economic system?
Most democratic nations run under the capitalist system. However, many capitalist countries are not democratic.
What economic system do most democratic countries have?
MIXED!!
How do we classify a nation's economic system?
According to how the three basic economic questions are answered.
What is the best mixed economic system is it liberal socialistic or democratic economic system?
democratic is the best ever
A democratic political system is an essential for sustained economic progress?
yes a good democratic system of govt can sustain economic progress yes a good democratic system of govt can sustain economic progress
What is barbados economic system?
Barbados is a democratic capitalist economy.
What most democratic countries have which type of economic system?
Most democratic nations run under the capitalist system. However, many capitalist countries are not democratic.
When is the only time a nation is close to full employment?
1) When it becomes a communist nation.2) Or a Totalitarian fascist nation such as nazi germany. Hitler built autobahns, infrastructure and weapons by putting people to work (paid work not slave) before the war. wont see that in a democracy3) That is true! Basically, capitalism under a democratic government could not strive in a fully employed nation, the economic system would be undermined. So, government systems that do not perpetuate a capitalist society are more likely to run a "close to fully employed" nation. In this situation, work is for the purpose of production, and not personal economic gain through a competitive economic system.
What economic system do most democratic countries have?
MIXED!!
How do we classify a nation's economic system?
According to how the three basic economic questions are answered.
What best defines the term Republic?
A nation that uses a democratic system of government.
Which nation's economic system has been described as state capitalism?
Japan
Does the economic system in place necessarily determine what political system is used?
Not necessarily, you can have a capitalist economic system under an authoritarian regime as well as under a democratic regime. Some forms of economy, like central planning, occur much more easily under an authoritarian system than a more democratic one, but it is not wholly impossible for a democratic regime to embrace central planning.
Which type of community would have a traditional economic system?
a non-industrialized nation
In this system workers are most productive and a nation's economy functions most efficiently when people and businesses can pursue their economic interests privately?
laissez faire
