0
Why is traditional economy and command economy superseded now?
Giftyduah
Want this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
What is a good word sentence using the word traditional economy?
china is not a traditional economy now. It has emerged as mix economy.
Is china a market command or mixed economy?
It was a command but now it is slowly moving to be a market.
Are there any countries that had a traditional economy but now have a market economy?
Burkina Faso, Papua New Guinea, Bhutan
Why does Mexico have a traditional economy?
Mexico has a mix of traditional (i.e: made by hand or with little help from automated work) and modern economy. This is the reason it is considered an emerging market.
What is a country that had a command economy but now has changed to free interprise?
I dont know but you should google it!
Why is Israel is a command economy country?
Israel was a command economy by the 80's, but after a transition that finished in 1998 it is now a market economy.
What is a good word sentence using the word traditional economy?
china is not a traditional economy now. It has emerged as mix economy.
Is china a market command or mixed economy?
It was a command but now it is slowly moving to be a market.
Are there any countries that had a traditional economy but now have a market economy?
Burkina Faso, Papua New Guinea, Bhutan
Why does Mexico have a traditional economy?
Mexico has a mix of traditional (i.e: made by hand or with little help from automated work) and modern economy. This is the reason it is considered an emerging market.
What is a country that had a command economy but now has changed to free interprise?
I dont know but you should google it!
Is China part of the command economy?
AnswerChina is no longer a command economy in that it has switched to market economic strategies in several of its sectors. Due to this, China is now a mixed economy.However, Saudi Arabia and Vietnam are some examples of a command economy. has also changed back in 2000
What type of economic system does Syria have?
Formerly a socialist command economy, now Russian-style crony capitalism
Is US a traditional command or mixed economy?
Actually the United States is a Market Economy. Some people also call it free enterprise or a capitalism. The US could also be a mixed economy because the government also owns some things like railroads and some businesses but it is more of a Market Economy. This is where you make choices on what you want to make, how much you want it to cost, you are free to do anything without little government interference. A traditional economy is quite old now, this is where you trade or barter than actually paying anything. A command economy is where the government tells you what to make, how much it will cost, and you have to deal with the government more. A mixed economy is where there is a mixture of economic systems. To make it more plainer - The US could be either a Market or Mixed Economy but is more of a Market Economy!! Hopes this helps :D
What is the best example of command economy?
North Korea, Iran and Cuba
What guarantees freedom of the press in the unite states?
Ostensibly the Constitution, but it has been superseded by Capitalism now.
What is an example of modern day traditional economic system?
There are no pure traditional economy in the World now. India is not a traditional economy. Many economies continue with traditional small scale/ cottage/ village industries limited by local markets as well as traditional small scale fragmented land farming, but most economies have modern industries and transport, growing urbanization. None of the countries can be strictly referred to as traditional economies. And, many of the countries are exporting and importing through cross border trade. Many are capitalist economies, often mixed economies. Some are relatively closed economies with communist or religious dictatorships. If you mean which countries have small scale traditional industries coexisting with modern industries, then most undeveloped and developing countries fall in this category. They include, beside India, Pakistan, Sri Lanka, Bangladesh, Nepal. Vietnam, Indonesia,. Myanmar, , Mauritius, several poor African countries. A traditional economy is an economic system in which resources are allocated by inheritance, and which has a strong social network and is based on primitive methods and tools. It is strongly connected to subsistence farming. Most countries that have historically had a traditional economy have replaced it with a command economy, market economy, or mixed economy. However, it is still found today in underdeveloped, agricultural parts of South America, Asia, and Africa. A traditional economy is where people produce most of what they need to survive. Hunting and gathering, farming, and herding cattle are the bases of traditional economy. People hunt for the food they eat or raise it themselves. Often they make their own clothing and tools. If they produce more food than they need, they trade the surplus, or extra food, for goods made by others.
