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What else can I help you with?
What is the economic system in Kazakhstan?
Kazakhstan has a Traditional economy
What is India's economic system?
Traditional Economy.
What are other names for traditional economy?
command economy
What type of economic system does Yemen have?
Traditional Economy.
Which of these describes a traditional economic system?
Agriculture drives the economy
What kind of economic system did the sumerians have?
A Traditional Economy Based on Farming :)
What is another name for Traditional Economic System?
No, Capitalism is a market economy
What economic system do the Amish have?
traditional economy, where everything they do is based off of culture and tradition.
What type of economic system is found in many European countries?
The Type of Economic System that is found in many European countries is a Traditional economy
How do you define planned economy?
An economic system in which the government controls and regulates production, distribution, prices, etc.
What is the name of the US economic system?
The prevailing US economic system is CAPITALISM, but there are a number of elements of corporatism, socialism, and traditional economics in the US economy, leading to it being properly termed as a "mixed economy".
What are four types of economic systems?
There are basically four kinds of economic systems: 1) Market economy- An economic system in which individuals own and operate different factions of production. Examples: Free Enterprise & Capitalism 2) Command economy - An economic system in which government owns and operates all factions of production. Examples: Socialism & Communism 3) Traditional Economy - An economic system based on culture and tradition. Economy is based on agriculture and hunting. Examples: Non-Industrialized agrarian societies. 4) Mixed Economy - An economic system where both command and market systems are featured. Examples: United States is not a pure capitalist country for there are forms of socialism instilled in it to benefit individuals in need of services and has minimum wages, however, free enterprise reigns in the U.S. China also has both forms of economy, however, the Chinese government controls the prices and production.
