0
Mr Gerrard..... well what can i say about him??
in simple terms he is probably the best teacher ever.
What else can I help you with?
How are resources allocated in traditional economy?
It is allocated according the market equilibrium which is subjected to the changing market demand and market supply.
Compare the three economy questions to command economy market economy and traditional economy?
traditional economy: resources are allocated based on custom and traditionmixed economy:resources are allcoated based on mixed informtion given.command economy: resources are allocated by the government or other central authoritymarket economy: resources are allocated by individualsCommusim
How does resources allocated in the free market economy?
well in simple terms........ if you dont do it you will get a zero!!!!
How are resources allocated under a capitalistic economy?
By the market mechanism...where they will be used most efficiently by those who can pay the price at equilibrium
How are resources allocated in a free market economy?
Mr Gerrard..... well what can i say about him?? in simple terms he is probably the best teacher ever.
How are traditional economies resources allocated?
It is allocated according the market equilibrium which is subjected to the changing market demand and market supply.
How does competition for financing determine how resource are allocated in the market economy?
Competition for financing determines how resources are allocates in the market economy by having the lending institution make the final decision regarding lending the business the funds to expand.
How are resources allocated in command economy?
this is impossible to answer and a crazy one
How are resources allocated in the command economy?
this is impossible to answer and a crazy one
What are two kinds of economic systems?
Market Economy: Resources are publicly owned, consumers decide how resources are allocated. Command Economy: Resources are publicly owned, government decides how resources are allocated.
How does resources are allocated in Mixed economy?
Some decisions are taken by the households ad firms, like in a free market economy. Whilst some decisions and resource allocation policies are set by the government.
Which economy exist when resources are allocated by the government or other central authority?
planned economy exists
