2006-06-26 02:20:29 · 4 answers · asked by ana 1 in Social Science ➔ Economics
- its based on the country's natural resources like mineral ores.
- also look at the population demographics; literacy, healthcare, poverty, unemployment rate, infrastructure facitlities,
- think about the country's foreign exports and imports.
all of the above play a pivotal part in shaping a economy!
2006-06-26 02:25:42 · answer #1 · answered by kuts 4 · 0⤊ 0⤋
Well let me see...
Politics, foregin policy and relationship, history: It depends on the country's political stand. If it's a communist country, it tends to choose a demand economy, in which gorvermental control is considerable. On the other hand, countries with tradition of democracy will prefer a more free type of economy. Or there's even a mixed economy (like the one of the US)
Geography, natural resources, Population, culture: It dictates if there is still traditional economy (Business flows from generation to generation)
That's what I think...
2006-06-26 09:53:40 · answer #2 · answered by maxpayne_lhp 2 · 0⤊ 0⤋
there is only one factor.
which side are you on boy?
change your minds
2006-07-02 15:33:22 · answer #3 · answered by unknown u 3 · 0⤊ 0⤋
Best FOR WHOM?
2006-06-26 14:01:49 · answer #4 · answered by NC 7 · 0⤊ 0⤋