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What type of economic system does Tunisia have?
Algeria has a mixed economy that is slightly closer to command than market
Prices in a market economy determine?
Prices in a market economy help determine the equilibrium. Consumers will not pay a price higher than its perceived value.
What economic system is bartering in?
an economic system based on exchanging goods rather than paying for them- apex :)
What is required for mercantilism to occur?
A requirement for mercantilism is an active Government policy aimed at creating a positive trade balance for their own country: that is, simply said, earning more money by selling and exporting goods than spending money on imported goods from other countries. Importing goods is only 'good' in mercantilism if you can sell them on to other countries at a profit. That is the reason that some countries tried to 'corner' markets such as the sugar market, the spices market, the grain market etc.
Why competition is important in market economy?
to prove one to best than another
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 type of economic system does Tunisia have?
Algeria has a mixed economy that is slightly closer to command than market
Prices in a market economy determine?
Prices in a market economy help determine the equilibrium. Consumers will not pay a price higher than its perceived value.
What economic system is bartering in?
an economic system based on exchanging goods rather than paying for them- apex :)
What is required for mercantilism to occur?
A requirement for mercantilism is an active Government policy aimed at creating a positive trade balance for their own country: that is, simply said, earning more money by selling and exporting goods than spending money on imported goods from other countries. Importing goods is only 'good' in mercantilism if you can sell them on to other countries at a profit. That is the reason that some countries tried to 'corner' markets such as the sugar market, the spices market, the grain market etc.
Why competition is important in market economy?
to prove one to best than another
Why would a completely free market economy would not be a practical one for any major country?
A free market economy is an economy in which all markets within it are unregulated by any parties other than those in the market. It limits the government's intervention. If it was completely free than the government would have less intervention and would make the economy much more sensitive and vulnerable.
What type of an economic system is Venezuela?
Venezuela has a more communist than capital economy.
What describes an economy with more than one type of economic structure?
mixed-market
Why a free market economy would more likely be found in a democracy than in a totalitarian dictatorship?
A free market economy would be more likely to be found in a democracy rather than a totalitarian dictatorship because it is is a market in which there is no economic intervention and regulation by the state, except to enforce private contracts.
Which term describes an economy with more than one type of economic structure?
Mixed-market is the term that describes an economy with more than one type of economic structure.
What term describe an economy with more than one type of economic structure?
mixed-market
