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The New England economy is based on products from the forest and the sea
Juana Sporer
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Compare the three economy questions to command economy market economy and traditional economy?
traditional economy: resources are allocated based on custom and traditionmixed economy:resources are allcoated based on mixed informtion given.command economy: resources are allocated by the government or other central authoritymarket economy: resources are allocated by individualsCommusim
What are some characteristics of a sustainable economy?
Sustainable flow of manpower and natural resources as well as strict regulation of demand and supply of money (checking inflation and deflation) are the most important traits of a sustainable economy. It should not be based on insane models that assume the possibility of infinite growth.
What is a Industrial based economy?
an economy based on industry
How does a command economy differ from a market economy?
In a command economy the government decides how resources are used and what goods and service are produced. In a market individuals make the decisions about how resources are used and what gods and services to provide.
What are the advantages of traditional economy system?
A traditional economy is based on an established economy that has proven successful in the past. Resources are allocated by inheritance. There is no waste of resources and roles are well defined. A huge disadvantage, however, is a resistance to change.
On what natural resources was the New England economy basedand the southern economy what industries developed?
they developed an economy based on farming
On what natural resource was the New England economy based and the southern economy and what industries developed?
The New England economy was based on products from the forests and the southern Economy was based on farming.
How are Canada's natural resources important to the countries economy?
Canada's economy based on the industries associated whit these resources
How are Canada's natural resources important to the country economy?
Canada's economy based on the industries associated whit these resources
What natural resources was the southern economy based?
timber,tobacco and cotton
What is an extractive economy?
"A resource-based economy, dependant on harvesting or extracting natural resources for sale or trade."
How are Canada natural resource important to the country's economy?
Canada's economy based on the industries associated whit these resources
What natural resources was the New England colony economy based on?
tabcoo ,indgo, lumbed.
What natural resources was the New England economy based?
The New England economy was based on products from the forests and the southern Economy was based on farming.
What is the level of development Colombia has?
Colombia is so called developing country which means that its economy is based on natural resources instead of the industry.
How are Canada's resources important to the country's economy?
Canada's economy based on the industries associated whit these resources
Compare the three economy questions to command economy market economy and traditional economy?
traditional economy: resources are allocated based on custom and traditionmixed economy:resources are allcoated based on mixed informtion given.command economy: resources are allocated by the government or other central authoritymarket economy: resources are allocated by individualsCommusim
