An economic system is a mechanism that is used to organise an economy and to determine how the three central economic questions will be answered in that economy. Q.4.1 Briefly describe any two economic systems. Q.4.2 Evaluate the economic system adopted in each of the following countries: China, North Korea, Haiti, South Africa

An economic system is a mechanism that is used to organise an economy and to determine how the three central economic questions will be answered in that economy. Q.4.1 Briefly describe any two economic systems. Q.4.2 Evaluate the economic system adopted in each of the following countries: China, North Korea, Haiti, South Africa

Survey Of Economics

10th Edition

ISBN:9781337111522

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter22: Economies In Transition

Section: Chapter Questions

Problem 1SQ

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