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Shtirlitz [24]
3 years ago
12

How do a traditional economy, a market economy, a command economy, and a mixed economy differ?

History
1 answer:
Juliette [100K]3 years ago
7 0

Answer:

Traditional economy relies on habit, custom, or ritual to decide what to produce, how to produce it, and to whom to distribute it.

A market economy, economic decisions are made by individuals and are based on exchange, or trade.

A command economies, because a central authority is in command of the economy.

Mixed economies market-based economic systems in which government plays a limited role.

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The first answer was given by Youngsavytho

"Pakistan's natural resources range from natural gas reserves, vast land, coal, petroleum, copper, salt and iron ore among others. It has the second largest salt mines in the world, as well as world’s fifth largest gold mines. It is one of the largest producers of wheat in the world and is the seventh country in the world with nuclear power."

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Oil and natural gas, like coal, are nonrenewable resources.

The third question

Fruit and chemicals. Definitely aircraft and motor parts, because half the the Pakistans' economy depends on tourism. Medicines would also be a must have for sick or injured tourists.

The fourth and fith question is given by kelleyhaley19

"Some of the major industries in the bahamas are oil-refining, cement-making, salt production, and trans-shipment. This can be a risk to the environment, because if any of the oil reaches the ocean, it could destroy wildlife. Also, and chemicals or materials used would be harmful to the tropical environment."

The sixth question

Even though Pakistan and the U.S. are drastically different in size. Pakistan holds an equally diverse land in terms of terrain and climate. Pakistan, being comparatively tiny, has more diverse land packed in. For every 10 km, you experience a different culture. That is not possible in the U.S.

The final question

The opportunities that the Pakistan could have to increase its diversification could be by: exporting business, major convention facilities, boat and ship building, and marine biology and fisheries science are a few things that could help the Pakistans diversify themselves.

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But the 26th amendment granted the right to vote to American citizens aged eighteen or older, or 18+.

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