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The government.
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∙ 12y ago
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The US has a mixed economy meaning it is mostly a market economy but some aspects of the economy are regulated by the government what is an example of how the US gover?
It has imposed minimum wage laws.
Is Cambodia a market or a command economy?
Because Cambodia has all the factors of communism and it is highly regulated I believe it has a commanded economy but I have researched this information and have not been able to find a concrete answer.
What advantage and disadvantage of Liberalization in economy in market price?
The advantages are that it allows more opportunities for businesses. Disadvantages are that the businesses are not properly regulated.
What is a planned economy regulated by?
Planned Economies are regulated by a Governmental Ministry.
What are the two features of a command economy?
In a command economy, supply and price are regulated by the government instead of market forces. Also, the government is solely responsible for deciding the goods and services to be produced and how they are distributed.
What is market economy regulated by?
The government.
What did Adam Smith say the free market economy is regulated by?
It was self-regulated by the "invisible hand."
Who is responsible for the command economy and market economy?
The central administration is usually responsible for the command economy and the market economy. The command economy is usually a centrally planned economy whereby the prices and supply are regulated by the government other than the market forces.
What was an established and regulated exchange for business between buyers and sellers on a regular basis?
market economy
The US has a mixed economy meaning it is mostly a market economy but some aspects of the economy are regulated by the government what is an example of how the US gover?
It has imposed minimum wage laws.
What is the type of economy of Bulgaria?
Till 1989 (like other communist party ruled socialist countries of Europe) Bulgaria followed Marxist-Leninist model of State owned and regulated economy and there was no free and market economy.
Efficiency and economies of scope in regulated economy?
Efficency and Economies of scope in regulated economy
What are the characteristics of a command economy?
The primary characteristic of a command economy is that supply and price are regulated by the government instead of the market. In this way, the government decides which goods are produced and how they should be distributed.
Is Cambodia a market or a command economy?
Because Cambodia has all the factors of communism and it is highly regulated I believe it has a commanded economy but I have researched this information and have not been able to find a concrete answer.
What advantage and disadvantage of Liberalization in economy in market price?
The advantages are that it allows more opportunities for businesses. Disadvantages are that the businesses are not properly regulated.
What is a planned economy regulated by?
Planned Economies are regulated by a Governmental Ministry.
What are the two features of a command economy?
In a command economy, supply and price are regulated by the government instead of market forces. Also, the government is solely responsible for deciding the goods and services to be produced and how they are distributed.
