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Paraphin [41]
3 years ago
8

Which type of economy does not exist?

Social Studies
1 answer:
juin [17]3 years ago
6 0

Answer:

Capitalism in practice

Perfect competition is only theoretical, it has never existed nor is it possible to exist. Capitalism as defined cannot exist and any economy that claims to be capitalist is actually some other type of economic system, i.e. only has some capitalist features.

Explanation:

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GNP must compensate both nationally and worldwide for U.S. citizens' and companies' investments and should calculate the value for all products produced locally, regardless of how they are created. GNP doesn't include income from overseas nationals and businesses in the America.

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Different between exhaustible and inexhaustible resources with examples​
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