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An economic system that uses both free-market and command principles?
Wiki User
∙ 14y ago
It's called a mixed economy, and that's what most economies in the world are. There are only a few exceptions. North Korea has a completely command economy, and perhaps the Grand Cayman Island has a completely free market economy.
Wiki User
∙ 14y ago
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What are the different economic system?
traditional economic system command economic system market economic system
What group of players make all of the economic decisions in a freemarket system?
The US, Japan and Germany are all market economies. In a traditional economy. In market economies, economic decisions are made by individuals.
What are the three different economic system?
traditional economic system command economic system market economic system
What kind of economic system are described in the Hunger Games?
planned or command economic system
What is a basic characteristic of a command system?
The government owns most economic resources with a command system.
What are the different economic system?
traditional economic system command economic system market economic system
What group of players make all of the economic decisions in a freemarket system?
The US, Japan and Germany are all market economies. In a traditional economy. In market economies, economic decisions are made by individuals.
What are the three different economic system?
traditional economic system command economic system market economic system
How does a command economic system solve their economic problem?
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What kind of economic system are described in the Hunger Games?
planned or command economic system
What is a basic characteristic of a command system?
The government owns most economic resources with a command system.
What kind of economic system does Chile have?
A Market command system
What is Brazil's economic system?
command economy
What economic system encourage entrepreneurship?
Command
What is a command economic system is characterized by?
A command economic system is one in which people rely on the government to decide what products will be produced and who the products will be distributed to after they are produced.
What is an economic system characterized by a central authority which makes major economic decisions?
Command Economy. :D
What is an economic system in which the economic decisions are controlled from outside by a central agency?
Command
