1. Economies
... the world. Traditional economies are most common, however, in the rural and the least developed regions of the world. A command economy, on the other hand, is much more complex. The answers about economic questions, such as, what and how much to produce, are all made from a single central government authority. The government also decides what areas to focus on and further ... created it. However, the government also had neglect local conditions, especially when production goals become overly important. The second half of the 1940's saw the national income index double to a level that ex...
- Word Count: 1875
- Approx Pages: 8
- Grade Level: Undergraduate