Which of the following is not a classification of economic systems noted in the text?
A)Domestic economies
B)Transition economies
C)LDCs
D)Emerging markets

Question

Quizplus · Accepted Answer

Domestic economies are not typically classified as a distinct category of economic systems in the context described. Economic systems are generally categorized based on their structure and the level of government intervention, such as market economies, mixed economies, and command economies. Transition economies refer to countries shifting from a centrally planned economy to a market economy, LDCs (Least Developed Countries) describe a low level of socioeconomic development, and emerging markets denote economies that are in the process of rapid growth and industrialization.

Which of the Following Is Not a Classification of Economic