Question

Which economy is NOT associated with major, industrial world economies? Command Market Mixed Traditional

Answer 1

Hey.!!


There are four primary types of economic systems in the world: traditional, command, market and mixed. Each economy has its strengths and weaknesses, its sub-economies and tendencies, and, of course, a troubled history.

Below we examine each system in turn and give ample attention to the attributes listed above. It’s important to understand how different parts of the world function economically, as the economy is one of the strongest forces when it comes to balancing political power, instigating war and delivering a high (or low) quality of life to the people it serves. Anyone interested in economics on a global level should check out this fantastic course on the crisis of capitalism and why the global economy is teetering on the verge of collapse.



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Answer 2

Command economy is not associated with major, industrial world economies.

Explanation:

• The command or the planned economies is a type of investment system that investment and production and allocation of the capital goods takes place. It has a central economic plan, government ownership, and a means of production and supports social equality.

• The central authority in the command economy sorts the production goals in terms of the physical units of production and assigns the raw material.  

• They are thus characterized by the soviet unions and nations of the eastern blocks.  Are opposite of the free market economies and a monopoly in the business by the government.

Learn more about the economy is not associated with major, industrial world economies.

• brainly.in/question/2655758 answered by GauravSaxena01.