Ask Question
29 August, 06:19

What is one advantage that the system illustrated below gives to countries that are involved in the global economy? A. It permits developing nations to compete on an equal economic basis with more industrialized countries. B. It allows countries to specialize in the products and services best suited to their individual economic strengths. C. It permits countries with economies based on agriculture to continue selling goods that have a low margin of profit. D. It allows countries with greater production capabilities to gain an economic advantage over less-developed nations.

+3
Answers (1)
  1. 29 August, 09:58
    0
    The type of economy that referred in the question would most likely be a free-enterprise economy. By definition, a free-enterprise economy is an economic system wherein the market is free of government intervention. In addition, it is essential to the world trade because " permits developing nations to compete on an equal economic basis with more industrialised countries."
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “What is one advantage that the system illustrated below gives to countries that are involved in the global economy? A. It permits ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers