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Why does Jamaica have a mixed economic system?

Updated: 8/22/2023

Wiki User

∙ 15y ago

Best Answer

The twin island Republic of Trinidad and Tobago has a mixed or combination economic system; as the government ensures that there are systems in place to favour the free market also economic decisions are made through the price system. Investment is heavily encouraged in Trnidad and Tobago. You should investigate the CLICO fiasco.

Wiki User

∙ 14y ago

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Wiki User

∙ 15y ago

because it consisted of households and government

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Wiki User

∙ 14y ago

A free market system is in place in the U.S. Virgin Islands. It operates on the same economic principles as the rest of the U.S.

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Wiki User

∙ 8y ago

Jamaica has a Capitalist economic system.

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Wiki User

∙ 14y ago

capitalist ok

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Wiki User

∙ 14y ago

Capitalist ppl

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Wiki User

∙ 14y ago

Capitalist

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Continue Learning about Economics

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A mixed economy is an economic system that incorporates a mixture of private and government. From the birth of Bangladesh it commemorates that economy will be provided uttermost by relying on both sectors.So we can say that mixed economic system exists in Bangladesh.

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mixed economic system

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mixed economic system

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A mixed economy is an economic system that incorporates a mixture of private and government. From the birth of Bangladesh it commemorates that economy will be provided uttermost by relying on both sectors.So we can say that mixed economic system exists in Bangladesh.

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