which type of economic system in Mongolia developing?
socialistic
communistic
free market
centrally-planned
Answers
Answered by
5
Answer:
3.free market is the right answer
Answered by
0
A capitalist economy relies on free-markets to determine, price, incomes, wealth and distribution of goods. A socialist economic system is characterised by greater government intervention to re-allocate resources in a more egalitarian way. There are also different aims of the economic systems.
Similar questions
Social Sciences,
5 months ago
English,
5 months ago
Math,
5 months ago
Psychology,
11 months ago
English,
11 months ago