Two traditional economies are trying to industrialize. The leaders of the first favor a command economic system. The leaders of the second want to try more free market-based policies. Which of the following actions would likely occur in one but not the other industrializing economy?
Conversion of farmland from agriculture to industry

Export of surplus goods not consumed locally

Investment in loans to support independent start-ups

Payment of workforce based on units of production

Question

Two traditional economies are trying to industrialize. The leaders of the first favor a command economic system. The leaders of the second want to try more free market-based policies. Which of the following actions would likely occur in one but not the other industrializing economy?
Conversion of farmland from agriculture to industry

 Export of surplus goods not consumed locally

 Investment in loans to support independent start-ups

 Payment of workforce based on units of production

paki · Answer

it will be Investment in loans to support independent start-ups...