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it will boost other economies.
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How is a command economy different from the other economic systems?
Most economies and industrialized states, such as and including the United States of America, are free market systems. A command market economy, with the chief example of the bygone Soviet Union has the state (as opposed to the market) determine production and resource allocation.
How might a nation move from a command economy to a market economy?
Nations are moving towards a market economy and away from the command economy because the market economy is more efficient and makes more people happy. A market economy has more protections in place for consumers.
Why have market economies far exceeded all other types of economies in the production of new and better products?
In market economies, firms developing new and better products are often able to earn larger than normal profits.
Why have market economies far exceeded all other types of economies in the production of new and better production?
in market economies firm develping new and better products are often able to earn larger than normal profits.
What kind of economy is the EU?
The European Union is a trade alliance and therefore does not have an economy. Most of Europe has a mixed economy. This means the economy shares qualities from both socialistic and free market economies. For the record, the EU is an agreement between countries that allows goods to be traded without tariffs, quotas, or any other bueracratic red tape.
Why Europe all though small its effect to countries economy?
Europe is one of the most technologically advanced/industrialized areas in the world, and was the first in fact. It has some of the highest economies on Earth and is a major player in the world economy, so you can see how it would effect other countries' economies.
An economy that makes extra good to trade with other economies?
Trading economy
How is a command economy different from the other economic systems?
Most economies and industrialized states, such as and including the United States of America, are free market systems. A command market economy, with the chief example of the bygone Soviet Union has the state (as opposed to the market) determine production and resource allocation.
How might a nation move from a command economy to a market economy?
Nations are moving towards a market economy and away from the command economy because the market economy is more efficient and makes more people happy. A market economy has more protections in place for consumers.
Is it true of false that socialism and captialism are market based economies?
It is true that capitalism is a market-based economy. Socialism can be either market-based or based on economic planning. However, even in socialist planned economies, there would still be markets in consumer goods and some markets for capital goods, so socialism would still include a role for markets. On the other hand, fully-developed communism would NOT be a market-based economy.
Why have market economies far exceeded all other types of economies in production of new and better products?
In market economies, firms developing new and better products are often able to earn larger than normal profits.
Why have market economies far exceeded all other types of economies in the production of new and better production?
in market economies firm develping new and better products are often able to earn larger than normal profits.
Why have market economies far exceeded all other types of economies in the production of new and better products?
In market economies, firms developing new and better products are often able to earn larger than normal profits.
Explain the domino effect which caused great depression?
The Stock Market Crash of 1929, had a domino effect when one incident knocked over the other making the entire economy to crash.
What kind of economy is the EU?
The European Union is a trade alliance and therefore does not have an economy. Most of Europe has a mixed economy. This means the economy shares qualities from both socialistic and free market economies. For the record, the EU is an agreement between countries that allows goods to be traded without tariffs, quotas, or any other bueracratic red tape.
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 describes the part of the US' role in the global economy?
The US is interconnected with other parts of the world. Therefore, when our economy is doing poorly it reflects on the economies of other countries as well.
