No. A Monarchy is a type of governmental or political sytem which is ruled by a king or queen.
Decisions about the kind of economic system a country has are normally made by that country's government.
Every country has an economic system
MonarchySomeone wrote Monarchy, a monarchy is a government system. The true answer is Mostly market. That answer is actually a economic system.
China
come on
a form of government in which one person who inherits or is forced to a throne the leader's power is limited by laws A constitutional monarchy is a form of political government, NOT an economic system. There can be a variety of different economic policies (and economic theories) employed by a country under a constitutional monarchy. So, your question is unanswerable - it depends heavily on what type of constitutional monarchy, and what specific economic policy that constitutional monarchy follows.
No. A Monarchy is a type of governmental or political sytem which is ruled by a king or queen.
England
The monarchy system is an "organization" if you will that is run by the monarchs (kings and queens) of the country. The monarchy system is basicly just where the people are ruled over by a king, queen, or both.
Decisions about the kind of economic system a country has are normally made by that country's government.
Every country has an economic system
MonarchySomeone wrote Monarchy, a monarchy is a government system. The true answer is Mostly market. That answer is actually a economic system.
it is like a capitalist economy An absolute monarchy is a form of government (i.e. political system), and NOT an economic system. Absolute monarchies can employ a variety of economic models - it depends entire on the choice of the monarch. Your question is unanswerable, since the form of government and form of economics used by a country are orthogonal (i.e. independent of each other).
A country run by a royal family would be described as a monarchy.
The economic system is called mercantilism.
The economic system is called mercantilism.