false hope this helps good luck
Answer:
False
Explanation:
The global economies that can exist in a country are divided into three:
a. Pure market ( free market economy
b. Command economy
c. Mixed economy which consists of both the pure market and command economy).
The pure market( free market ) economy is also referred to as the economy that has capitalism present in it.
Pure market economy is the economy practised by a country whereby owners of businesses can make their own decisions independent of the government. The government has no influence on the running of the firms or the value been placed in the products the firm produces. In a pure market economy, goods and services are exchanged voluntarily. Buying and Selling of goods and services are carried out in a competitive markets.
The raw materials or resources needed, are given to firms with high prices and a high production capacity that meets the needs of the country.
Pure market economy is not regulated by the government and it occurs in Democratic governments.
Not all global economies practise the pure market economy. An example of a country or global economy that practises the pure market economy is the United States of America.
Federalists believed in a lean, strong national government. Those who supported the government were in control of the government led by Hamilton. People who were best suited would be those with educational experience, independence, and upper class status. They believed that the strong central government should preside in Washington D.C. and have authority over the states. Commerce, industry, business, manufacturing, banking, and an urban based capitalist economy were ways toward national global status. They felt that a national debt was a helpful thing. The Federalists came up with the trickle down idea that if the government promotes, supports, and protects big business, then wealth and prosperity will trickle down to the nation.