There is only one renewable resource to Latvia's economy and it is timber.
No, Latvia doesn't have any type of nuclear weapons and never had.
Because they thought that it would help boost their economy and attract more tourists.
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.
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.
Opposite of Market Economy
It has a market economy. BUT IT WAS a command economy
a type of economy that is very sincitiv in a matter of time
market economy
market economy
market economy
mixed economy