Question

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What are the types of economy development??​

Answer 1

Answer:

Economies are different from each other based on the extent of government control. Based on the extent of ownership of resources, there are three main kinds of economies. These are capitalist economy, socialist economy and mixed economy.

Explanation:

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Answer 2

Answer:

The application of development economics is complex and varied as the cultural, social, and economic frameworks of every nation is different. Four common theories of development economics include mercantilism, nationalism, the linear stages of growth model, and structural-change theory.

Explanation:

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