Empire and Economy
The South's economy was based on Farming. They used African American Slaves to do the work. There were few factories, unlike the North who had an industrial economy.
mixed economy
The steamboat was actually developed during the Civil war and it affected the nation's economy.
Most nations within Latin America are capitalist developing countries; some are more developed than others. For example, Argentina and Chile have an income per capita of US$18,400 and US$18,700 respectively; other countries are less developed such as Brazil with an income of US$12,100 and there are a couple of countries that are deemed as "least developed", such as Bolivia and Haiti, with incomes of US$5,200 and US$1,300, respectively. Means of production and economy also wildly varies among these, for the same reasons. For example, Mexico has an export-oriented economy with products such as motor vehicles, aircraft and electronics, while less developed countries like Paraguay export raw materials, like soybeans, cotton and meat.
we have a less developed economy because of the corruption of the government.
droughts and long winters sometimes ravaged the herds
they developed an economy based on farming
The Mongols gave strong support to the peasants and peasant economy of China, believing that the success of the peasant economy would bring in additional tax revenues and ultimately benefit the Mongols themselves.
droughts and long winters sometimes ravaged the herds
droughts and long winters sometimes ravaged the herds
A centrally planned economy with all economic and political power resting in the hands of the central government is known as communism. Karl Marx developed communism into a scientific theory.
There are three stages of economic development viz., under developed economy, developing economy, and developed economy. While many African countries are still regarded as underdeveloped economy, Indian economy has graduated to developing economy. US,UK,Canada, France,Sweden, Japan and now China have proudly scaled to developed economy.
The economy of the Vatican is developed. It is supported by donations from Catholics from around the world, from investments, from sale of religious items and souvenirs and from museum admissions.
developed country
Japan developed democratic governments and it has a command economy
Japan is very developed as it has the third largest economy in the world.