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What type of government is practiced today in South Korea that has seen a huge boom in technologically advanced economy?
South Korea is a capitalist democracy that has limited state involvement in the economic structure. Many attribute this structure of government to the large growth in the South Korean economy.
What else can I help you with?
What kind of economic activity has the Indonesian government has been trying to foster in order to improve its economy?
technologically oriented businesses
What kind of government does Iran have?
Economics is part of the public and private part. The current Iranian economic system is very similar to that of other Middle Eastern countries. It is primarily capitalist, but with state intervention as concerns schooling, health, and other typically public departments.
Is Japan a rich or poor country?
Japan is considered a wealthy country with a high standard of living. It has a strong economy and infrastructure, is technologically advanced, and has a high GDP per capita compared to many other countries.
Why Europe all though small its effect to countries economy?
Europe is one of the most technologically advanced/industrialized areas in the world, and was the first in fact. It has some of the highest economies on Earth and is a major player in the world economy, so you can see how it would effect other countries' economies.
Are consumers and producers free to make many decisions in Israel?
Yes. Israel has a technologically advanced market economy, including rapidly developing high-tech and service sectors, and both consumers and producers free to make many decisions.
What is econony?
It is a command economy where the government controls the economy. It is a command economy where the government controls the economy.
What is Vietnams econony?
It is a command economy where the government controls the economy. It is a command economy where the government controls the economy.
How do you see Philippines ten years from now?
I see the Philippines as a more developed and technologically advanced country, with a stronger economy and improved infrastructure. I also envision a greater focus on sustainability and environmental conservation in the years to come.
What is an economy controlled by the government?
An economy controlled by the government is called a centrally planned economy. It can also be referred to as a command economy.
What countries practice a mixed economy?
The United States, United Kingdom, and Canada are among the countries that have a mixed economy. A mixed economy is practiced in Japan and Australia.
What does laissez mean?
it means "let do" this phrase is used in the british economy. it means: the state should not intervene in the economy of the individuals. The economy was free. This policy was practiced in britain till 1945 with the changing of government from The Conservative to The Labour Party.
How is the government involved in a planned economy?
In a centrally planned economy, the government is completely in charge of the economy. There is no reward for individual hard work. The government tells everyone what to do.
