in what way is each and every one of the economies of the more than 200 countries of the world similar?

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01-12-2022
Business

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in what way is each and every one of the economies of the more than 200 countries of the world similar?

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Tutorconsortium366idn Tutorconsortium366idn · Answer 1 · 2022-12-07T03:46:29-05:00

All have their own distinctive characteristics. The correct answer is option (C).

What are Distinctive characteristics in economic conditions?

The Foundation's definition of inclusive economies is based on a wide spectrum of input from professionals, academics, peers, and the general public. These characteristics are participation, equality, growth, sustainability, & stability. Each attribute is provided in "Inclusive Economic Metrics: Framework & Indicator Recommendations," along with suggestions for how to measure them using publicly available data.

Free market, command, & mixed economies are the three primary types. The chart that follows contrasts command and free-market economies; mixed economies combine the two. Both individuals and businesses are free to determine their own economic paths. All national economic choices are made by the state's central government.