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
larisa [96]
3 years ago
5

List the 4 types of economies and explain each one.

Social Studies
1 answer:
Alex Ar [27]3 years ago
3 0
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.
You might be interested in
Social harmony unite the community justify this statement with example​
katrin [286]

Answer:

Lets see if I can answer this...

Explanation:

Social Harmony is a thing that has made people of different caste, colour, religion, culture get united. World's Largest Democracy India is a true example of Cultural Harmony, where Hindus, Muslims, Christians live together. Social Harmony is important for a community because it keeps them united.

For example if I am a Muslim and you are a Christian and I refuse to come to your house because you drink wine and pork which is forbidden by my law (religious one) will there be not mental changes between us. We will not be talking to each other in a friendly way, we will not be meeting each other, we will not be helping each other in times of need that's why social Harmony or basic acceptance of each other is important for a community, or organisation to work as united or to live as united.

7 0
2 years ago
How long have women been allowed to vote?
sweet [91]

it has been 98 years since women have been allowed to vote since the amendment was ratified in 1920. Almost 100 years aka 1 century.

4 0
3 years ago
Ethnography is the most common form of ________ research, which relies on what is seen in the field and in naturalistic settings
Lyrx [107]
Ethnography is the most common form of qualitative <span>research, which relies on what is seen in the field and in naturalistic settings more than it does on statistical data. In qualitative research, the researcher would give more focus on what is really seen on the seen based on his observations. He does not necessarily rely on the statistics of the occurrence of that certain event though it may be vital for some part.</span>
3 0
3 years ago
Social institutions in a society provide: D. places where individuals can gather to debate national issues. C. internalized rule
Ede4ka [16]

Answer:

Option C.

Explanation:

A social institution is a part of the societal order and is formed by a group of people having a common objective.

It governs the way individuals behave and whatsoever they expect.

It can be regarded as the societal structure that takes care of the requirements of the society and helps in building up the society.

Thus they provide a set of rules and norms of the behavior of individuals forming the society and these rules are internal to the society as they are used to govern a specific society.

6 0
3 years ago
What ethical issues can be found in investigation of an ehrs?
Pavel [41]
Things that might become possible ethical issues are:
- the confidentiality of someone's personal health information may be compromised due to Security Breach.
- The electronic Health records could provide a lot of inaccuracies because it may not include several data that could only be obtained if it observed by actual medical professional.
5 0
3 years ago
Other questions:
  • Please help with number 14 it's social studies but I really need help!
    5·1 answer
  • It would not be possible for _____ to survive in a desert.
    6·2 answers
  • Select the four bills sent to Congress implementing Roosevelt's New Deal.
    7·2 answers
  • The Tigris and Euphrates rivers originate in Turkey, but supply many nations with water.
    13·2 answers
  • Two successful (prominent) entrepreneurs in south Africa and briefly discuss their role in society
    11·1 answer
  • Opponents of the message expressed in the cartoon might point to which of the following Supreme Court cases to support their cri
    9·1 answer
  • what did hitler, mussolini, and hirohito all prey upon when gaining fascist power before world war 2?
    13·1 answer
  • Which gentiles embraced Jewish theology, worship, and morality but did not fully convert to Judaism by being circumcised and fol
    5·1 answer
  • What ideas about government do you think english settlers brought with them to the americas?
    5·1 answer
  • Be
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!