Ask Question
11 February, 13:25

Why are countries drawn to modern economic systems?

+4
Answers (1)
  1. 11 February, 13:36
    0
    The following are advantages of modern economic system

    Explanation:

    Countries embrace modern economic system since it increases national productivity.

    This is due to the fact that the free trade system make the public and private sectors to work in improving their enterprises and at the same time improving the government

    2. The modern economic system gives governments easy time to handle since most of the enterprises are privately owned.

    3. Modern economic systems maximize the use of resources in countries: the government cannot manage all its resources.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Why are countries drawn to modern economic systems? ...” in 📗 Social Studies if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers