Because people can have what they want and need without the government deciding for them.
Decisions about the kind of economic system a country has are normally made by that country's government.
Every country has an economic system
China
A traditional economic system would have to be a system based on the tradition of a particular region. that would imply that virtually every country has an economic system that is traditional.
Planned
We would need to know what economic system you mean to respond to this question.
Decisions about the kind of economic system a country has are normally made by that country's government.
Every country has an economic system
China
The economic system is called mercantilism.
The economic system is called mercantilism.
A traditional economic system would have to be a system based on the tradition of a particular region. that would imply that virtually every country has an economic system that is traditional.
Planned
free market
Planned
a socialist country
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.