Explore Westonci.ca, the top Q&A platform where your questions are answered by professionals and enthusiasts alike. Our platform offers a seamless experience for finding reliable answers from a network of knowledgeable professionals. Connect with a community of professionals ready to help you find accurate solutions to your questions quickly and efficiently.

Developing countries are likely to have which type of economy?

A. Command
B. Market
C. Traditional


Sagot :

Final answer:

Developing countries are more likely to have traditional economies, while real-world economies tend to be mixed with elements of command, market, and traditional systems.


Explanation:

In developing countries, traditional economies are more likely to be prevalent. These economies allocate resources based on rituals, habits, and customs, shaping societal roles and expectations. On the other hand, command economies prioritize goals set by a ruling class or leader, historically seen in societies like Ancient Egypt and medieval manors.

Most real-world economies are mixed, encompassing elements of command, market, and traditional systems. Countries like the U.S. lean towards a market-oriented economy, while others such as China and Russia still exhibit traits of a command economy despite evolving towards market orientation.


Learn more about Types of economies here:

https://brainly.com/question/41316103