1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
postnew [5]
3 years ago
5

How did their previous status as colonies of European powers have an effect on the development of many less developed countries?

History
1 answer:
Trava [24]3 years ago
7 0

Answer:

When they became independent, LDC's relied on central planning rather than free enterprise to modernize their economies.

Explanation:

Centralized Economy is an economic system whose production is controlled by the State, which defines the planning and goals of the country's economy, it is the model proposed by Socialism.  Its objective is to supply the market and guarantee the social needs of the population, which is done through the economic prosperity of the State.

The State studies the need for production so that only what is necessary is produced.

He defines how much he wants to invest and distributes raw materials to producers. The definition of prices is also part of this set of competencies that are the responsibility of the State.  Taking into account these financial planning, there is a reduction in unemployment, which contributes to ensuring that the basic needs of the population are met.

It is the opposite of the Market Economy.

The main characteristics of the planned economy are:

  • the predominance of state-owned companies
  • no business competition
  • the disadvantage of dynamizing companies and, therefore, lack of innovation
  • opposes the economic model of the market economy
You might be interested in
CAN SOMEONE PUT THESE INTO A SUMMARY FOR EACH ONE PLZ JUST ONE SENTENCE?
Zigmanuir [339]

A federal government is a system of dividing up power between a central national government and local state governments that are connected to one another by the national government. Some areas of public life are under the control of the national government, and some areas are under control of the local governments.Federal governments help address the wide variety of needs of a geographically large country. It is no wonder, then, that federal governments exist in large countries, like the United States, Mexico, Germany, Canada, Australia, Brazil, and others.

The contrasts between two-party and multiparty systems are often exaggerated. Within each major party in the United States, the Republicans and the Democrats, many factions are struggling for power.

The system of collecting money by force ensures that just a few people make decisions on how large amounts of the people’s money are spent. This makes it worthwhile for special interests to seek favors from politicians, and is the essence of political corruption.

Governments are investing more than ever before on educating their citizens, eager for them to compete in the global workforce. A growing global middle class is spending more of its own money on educating their families. Employers are looking for a new sort of colleague - someone with the skills to flourish in the 21st century. Combined with technologies that continue to develop at breakneck speed, the result is a world that has the want, and the means, to learn at scale.

8 0
3 years ago
Select all that apply. 11.Mark the following statement if it explains why the iron industry started in England A. England had ma
never [62]
"<span>B. England had plentiful supplies of iron ore" and "C. English iron makers were able to improve the process of smelting" are both correct in their own way. </span>
4 0
3 years ago
Read 2 more answers
HELP ASAP
Orlov [11]

Answer:

Fort Sumter was a crucial area for the Confederacy to take control of because it would allow them to create a hole in the Union blockade of the Atlantic port. They also wanted that area because of the shipping lanes and was occupied by union soldiers.

8 0
3 years ago
What were John Calvin’s followers in France called?
weeeeeb [17]
<span>Huguenots were Calvin's followers in France</span>
8 0
3 years ago
Mark the statement if it accurately describes one of the steps taken to transform Paris.
marta [7]
C. huge tunnels were built for sewer lines
3 0
3 years ago
Other questions:
  • Two of the "behemoth" businesses in our state are Microsoft and Amazon. True False
    6·1 answer
  • PLEASE HELP!!!!!!!!!!!!!!
    11·1 answer
  • Which of the following statement is false?
    6·1 answer
  • When did WW2 Start? (Will Mark)
    12·2 answers
  • Read the passage by Bartolomé de las Casas.
    14·2 answers
  • What was the purpose of General Gouraud's memo?
    12·2 answers
  • What are 3 of adolf hitlers motives for seeking power
    8·1 answer
  • How did the natives change the lives of the settlers in of plymouth plantation
    14·1 answer
  • Help!!!! Women in the British colonies were not allowed to ?
    13·2 answers
  • Three prophets of the Restoration period were Haggai, Zechariah, and?
    9·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!