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What renewable resources is important to Latvia's economy?

There is only one renewable resource to Latvia's economy and it is timber.


Does Latvia have nuclear weapons?

No, Latvia doesn't have any type of nuclear weapons and never had.


When Latvia joined the EU?

Because they thought that it would help boost their economy and attract more tourists.


Is Latvia's economy a capitalist economy?

Latvia is quite a capitalist economy. It has a small welfare state and flat taxes. It is a business friendly and open economy. Compared to continental Europe there are less regulations, but less redistribution of wealth leading to quite high number of poor people. Privatization of old communist industry has mostly been completed.


What type of economic system does lativa have?

Latvia has a mixed economic system that combines elements of both free market and planned economies. Since regaining independence in 1990, Latvia has transitioned to a market-oriented economy, characterized by privatization and liberalization of various sectors. The country has a strong emphasis on trade, with significant exports in goods such as machinery, wood products, and food. Additionally, Latvia is a member of the European Union, which influences its economic policies and integration into the broader European market.


What type of economy is command economy?

Opposite of Market Economy


What does type of economy does turkey have?

It has a market economy. BUT IT WAS a command economy


What type of economy does Jordan?

a type of economy that is very sincitiv in a matter of time


What type of economy does haiti have?

market economy


What type of economy does Cambodia have?

market economy


What type of economy is China?

market economy


What type of economy does Finland have?

mixed economy