Question

In how many parts the countries of the world can be divided today economically?

Answer 1

Answer:

Economically all countries are boardly divided into three parts -

1.Capitalistic - that type of ecomony in which production and mangement was in the hands of individuals e. g. USA

2.Socialistic - that type of ecomony in which production and management are under government e. g. Russia

3.Mixed - that type of economy in which production was in hands of both government and individuals e. g. India