Economic Systems

While factories were built all over the North and South, the vast majority of industrial manufacturing was taking place in the North. The South had almost 25% of the country's free population, but only 10% of the country's capital in 1860. The North had five times the number of factories as the South.

Soviet Union

Free market economic system is completely suitable for immediate neigbour Zimbabwe because it will stimulate economic growth and encouarge people to establish businesses within country which results in job opportunities.

The biggest economic system used to make money is capitalism. Which is a system of free enterprise.

Such a thing would be theoretically possible but pragmatically unworkable. The primary issue is that the majority of people on Earth require more medical care than their own earnings would justify and from a number of physicians that far exceeds those locally present. It would effectively require a massive tax on the wealthiest citizens around the world to support the infrastructure of this system and drain them of a significant portion of their wealth. Such a system would result in creating immense amounts of poverty in wealthier countries and stymieing economic growth in both wealthy and poorer countries (because people would work less hard if some of their needs are already met and because the incentive to be wealthy drops when the government confiscates all of your larger earnings).

Socialism and Communism are the same: a classless stateless society based on production for use, with no classes or rulers or money or borders. Just people working together for the common good. And no economic system.

Feudalism.

The economic implications of elasticity for demand measure of an economic agent are positive. Elasticity helps measure the response of one economic variable when there is change seen in another variable. Economic agents use elasticity as a way to understand the impact of economic action that has been undertaken.

The best economic system for the Philippines is it's current system.

The contrasting economic systems either lets the government decide everything or private companies. It is obvious that letting the Philippine government complete control of everything would be stupid, since corruption will become impossible to stop. Allowing private companies to decide everything would also be unintelligible, since human rights violations would become even more rampant than it is now.


The Philippines current economic system is a mix of the two contrasting. The government decides alongside private companies. At first, one would assume that this would be bad, combining the unstoppable corruption with the rampant abuse of human rights. The thing is, though, the two parties, the government and the private companies, balance each other out. For example, if the government tries to squeeze a bribe out of a certain company through unsavory means, the company tries to get out of it through other unsavory means. When the company tries to abuse its employees or some other human rights violation, the government will then come down on it, asking for a bribe. Basically, both their greeds counteract the other.


That is why the best economic system is it's current system.






p.s.
this is all bs :D

Rwanda has a poor economic system. Much of it is agricultural.

Traditional Econmy

South Africa has a capitalist economic system and resources are allocated based on who can buy them.

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.

Costa Rica is a mixed economy, with strong elements of capitalism and industry with state oversight but not direct control. There is also a welfare system.

The Good Society, Chinese economist Zhang Weiying, who is known in China for his advocacy of free market the exception of central bank regulation of the money supply.

China .

Microeconomics

Broad social / economic goals. The political process. The production possibilities curve. Utility.

Switzerland is a bastion of free entreprise.

Free enterprise

Socialism

Communism

The first four stages of the business buying process include problem recognition, general need description, product specification, and supplier research. Proposal solution, supplier selection, order routine specification, and performance review round the eight stages.

The Economic System In Islam was created in 1953.

Dubai has what is called the open and free economic system. Dubai has focused its economy on tourism by building hotels.