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Sagot :
Each has its own distinct characteristics, although they all share some basic characteristics. Each economy functions based on a unique set of circumstances and assumptions. Economic systems can be classified into four main types: formal economies, command economizing, mixed economies, and market economies
What are the 3 main economic strategies?
There are three main types of economies: free market, management, and mixed.
How are the economy and politics associated?
In practice there is a strong connection between economics and politics because the implementation of the economy is one of the key political battlegrounds. Many economic problems are intrinsically political because they loan themselves to different opinions.
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