The United Kingdom can best be described as having which type of economy?
Which economic system is characterized by decisions being made by the government.
Which of these accurately describes the UK, Germany, and Russia's economic system?
Which country has the highest amount of government regulation and control of the economy
Which country is the MOST market leaning?
Russia's economy can be represented on the economic continuum as...
Tribes in northern Russia use bartering as a means of trading goods. What type of economic system is bartering found in?
Economy is almost entirely run by market forces; most market leaning of the 3 countries, government plays a limited role
Mixed (market leaning), government regulates some industries and sets prices, economy struggled after absorbing a communist country in 1990.
Government controls many key resources, most command leaning of the 3 countries, has been moving away from command since fall of Soviet Union
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