Question

In a statement of approximately 75 words explain why the economic systems in countries with dictatorships or closed systems of government tend to be less prosperous and do not have healthy economic policies or markets.

Answer 1

The economy in countries with dictatorships or similar governments is often less prosperous because these countries usually have closed economy systems and this limits the profit from trading, the materials for manufacture, among others.

Most countries with authoritative governments such as dictatorial ones support closed economy systems, this means:

• The country does not trade with others.
• There are no exportations and importations.
• All the good citizens buy are produced within the borders of the country.

These characteristics have been found to have mainly a negative effect because:

• The country cannot obtain profits from trading with others.
• Manufacture and products are limited by those found inside the nation.
• Economic crises are difficult to overcome due to a lack of resources or support from other nations.

Learn more in: brainly.com/question/23353220