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Usually, the price system does this rationing in a market economy.
People who are willing to pay more plunk down their money and they get the scarce goods. People who aren't willing to pay the market price don't get the goods.
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∙ 14y ago
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In a command economy what does the government not do?
The government does not decide what goods consumers buy in a command economy.
Why might a coutry's government decide to place high taxes on imported goods?
To help the the economy of the country from which the goods came.
When trying to decide what to produce businesses will look at the demand for their goods of what type of economy?
market.
When a country has a market economy which of these statements correctly defines this system?
Companies produce goods of their choice and consumers decide whether to buy the goods
In what economy the government answer the three economic questions?
three economic questions what to produce how (much) to produce who gets the goods Answer: Command economy.
In a command economy what does the government not do?
The government does not decide what goods consumers buy in a command economy.
Why might a coutry's government decide to place high taxes on imported goods?
To help the the economy of the country from which the goods came.
When trying to decide what to produce businesses will look at the demand for their goods of what type of economy?
market.
What type of economy when trying to decide what to produce business will look at the demand for their goods?
market.
When a country has a market economy which of these statements correctly defines this system?
Companies produce goods of their choice and consumers decide whether to buy the goods
In what economy the government answer the three economic questions?
three economic questions what to produce how (much) to produce who gets the goods Answer: Command economy.
What is America's economy?
Market economy.Consumers decide which goods and services they want, and are provied by businesses that are mostly privately owned
What type of economy best fits this description When trying to decide what to produce businesses will look at the demand for their goods?
market A+
What type of economy best fits this description When trying to decide what to produce businesses will look at the demand for their goods.?
market A+
When trying to decide what to produce business's will look at the demand for their goods what type of economy best fits the description?
market A+
What is the economic system that relies on habit custom or ritual to decide questions of consumption and production of goods and services?
a centrally planned economy
Which economic system decide what to sell and what price?
If the government is deciding which goods to sell and at what price, it is known as a command economy. If individuals are deciding, it is known as a market economy.
