Question

Describe the type of economic system adapted in South Africa​

Answer 1

Answer:

South Africa has a mixed economy in which there is a variety of private freedom, combined with centralized economic planning and government regulation. South Africa is a member of the Southern African Development Community (SADC).

Economic systems can be categorized into four main types: traditional economies, command economies, mixed economies, and market economies.

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Answer 2

South Africa has a mixed economy in which there is a variety of private freedom, combined with centralized economic planning and government regulation. South Africa is a member of the Southern African Development Community

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