Respuesta :

The  Ethiopian economic system across the time serves as one that can be described as a mixed and transition economy .

What is mixed and transition economy?

A transition economy or transitional economy can be regarded as the economy  that has a transition from the centrally planned economy to a market economy.

However, the Ethiopia  economy started as the  traditional economic system  where the  allocation of available resources  follow the primitive methods,  where subsistence agriculture is the employment of the citizens.

The structure of the economy in Ethiopia can be generally be segmented into the three sectors which are;

  • The primary sector ( agricultural sector)
  • The secondary-industrial sector (manufacturing sector)
  • The tertiary-service sector

Hoerver, there are problems facing the economic system in Ethiopia , this can be classified into threeeconomic challenges and they are;

  • Debt burden
  • Poor foreign exchange as a result of the poor economic sector performance
  • Decline in remittances.

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