answersLogoWhite

0


Want this question answered?

Be notified when an answer is posted

Add your answer:

Earn +20 pts
Q: Why are economic systems important in understanding industrialization?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

What evaluating economic systems it is most important to consider?

In evaluating economic systems, it is most important to consider give me a answer


What has the author C S HOLLING written?

C. S. HOLLING has written: 'UNDERSTANDING THE COMPLEXITY OF ECONOMIC, ECOLOGICAL AND SOCIAL SYSTEMS'


Why is theocracy important?

Understanding "theocracy" is very important since the majority of governments throughout history have been theocracies. Under theocratic governments, scientific progress, moral development, and industrialization are consistently halted and demonized. Avoiding such political systems by being able to recognize what makes a country a theocracy is critical to maintain the human endeavor.


What are the types of political economic systems?

there is no such thing as political economic systems, there are only economic political systems


What is economic transition?

Economic transition means the process of transitioning of countries from different economic systems. There are basicly 3 main types of economic systems. They are free market, command planned, and mixed economy. (Different books and academics may have different terms for these. What is important is the understanding of the differences). For example, economic transition refers to one country evolving from one economic system to another. It can be said that Country A is moving from command planned to free market. What is interesting about Economic Transitions are the issues faced by the country. There can be many issues like corruption, poverty, social unrest and so on.


Why cultures develop economic systems?

why dp cultures develop economic systems


Why were the colonies so important to a mercantilist economy?

Colonies were important in the mercantile economic systems because they were markets in which to buy products from the home country.


What is a way of defining economic systems?

One way to define economic systems is to classify them according to whether they are market systems or command systems.


Why do kin-based economic systems prevail in non-industrial societies?

prevailing economic systems


What are Europe's economic systems?

Capitalists economic system


Why are economic systems needed?

Economic systems are needed to help control the power in the people and the government. Thus for different countries with different powers relates to the different types of economic systems.


What three questions must all economic systems answer?

what three questions must all economic systems answer?