1. Traditional - most traditional type of economy, and throughout the world many economies function this way. The areas with these economies are usually rural areas, or third world areas that are heavily dependent on farming. In this system, a surplus is rare, each member’s role is specific, and societies are closer knit along with more satisfied, although there is a lack of things such as technology and medicine that is more advanced.
2. Command - A big part of a command economy is controlled by power that is centralized such as the central government. A command system is the core of a communist economic system. The government is involved in most things big and small, along with owning most of the industries. most command economic systems tend to focus on things that are more valuable such as oil rather than jobs and other goods.
3. Market - economy is the free market have firms and households that act in their own self interest rather than in the interest of others. In a command economy the government keeps the profits while in a free market economy the forms and households keep their own profits. in a pure market economy there is no government intervention however none of this exists in the world. in this type of economy the central government in the market are completely separate so the government does not become too powerful.
4. Mixed - when different types of economies are combined this is called a mixed economy. this is usually a cross between a market economy and a command economy. in this type of economy the market is more or less free of government ownership except the government does own a few key things like transportation industries. sometimes in these economy as the government does regulate private businesses this is to use the best of both worlds to incorporate policies that are both socialist and capitalist to create a fair balance of both. most countries throughout the world have a mixed economic system.
Answer:
The annual cost of housing a prisoner is so high.
Explanation:
In United States, incarceration is considered as one of the important forms of punishment given to the criminals. It is also taken as rehabilitation of the prisoners of felony and the other offences.
Incarceration is that state of keeping the offenders confined or imprisoned in houses and other detention centers.
Presently. United States have the highest rate of incarceration per capita in the world. And one of the major problems that US faces is that the housing or keeping the prisoner in detention houses is very costly and US have to spend huge amount of money on it.
Answer:
primary source
Explanation:
Primary source -
In the field of history , a primary source is considered to be the autobiography , manuscript , diary , document , artifact etc. ,
These are the very first , original and the purest form of information , from which various conclusion can be drawn about a particular topic.
Hence, from the given statement of the question,
The correct term is primary source.
Answer: A. Increased competition can harm businesses in developing countries.
