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Which type of economies do all African countries have?

traditional
mixed
market
command

Most African countries have mixed economies.

Did you know?

Did you know that African countries have a variety of different types of economies? While many people may assume that all African countries have a traditional economy, where economic decisions are based on customs and traditions, this is not the case. In fact, African countries have a mixture of different economic systems. Some countries have mixed economies, which combine elements of both market and command economies. In a mixed economy, there is a blend of private companies operating in a market-based system, as well as government involvement in certain sectors. Other African countries have market economies, where economic decisions are primarily driven by supply and demand, with limited government intervention. So, the next time you think about African economies, remember that they are not all the same, but rather have diverse economic systems.