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Isaiah Mohr

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3y ago

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Related Questions

Is the level of competition high or low in traditional economy?

High


Is the level of competition high or low in the economy?

It is high because everyone in the economy is trying to make money.


Is the level of competition high or low in the mixed economy?

low


What is the level competition in a traditional economy?

In a traditional economy, people rely on barter or the exchange of one good for another good. In such an economy, the competition is any other valuable product that someone has to offer a dealer to rival what you have to offer.


Is the competition high or low in the mixed economy?

no


What effect does lack of competition in command economies?

very high prices


Is the level of competition high or low in the market economy?

It would be high cause everyone is "at war" with any and every business, thus competition would be very hard at work and their going for money and profits. This is my first answer on this website so no harshness please!


What Is the level of competition high or low in a mixed economy?

A 'command economy' is also known as a central economy where all supply of goods and services is controlled by the government. Most of the assets are owned by the state and the state tries to forecast demand for all goods and services and then allocates available resources to meet this demand. The whole idea of the command economy is that there should be no competition which creates inequalities amongst the people and then you have to have businesses which is driven by the profit motive (which is considered immoral compared to the high ideals of communist/socialist regimes).


How do you get the high command title in modern warfare 2?

To unlock 'High Command' title reach level 45 first prestige.


Describe competition level in India?

Competition level in India not high they just want simple things. They are looking to take care of mergers.


How would the Chinese economy be characterized?

china's economy is a centrally planned economy with a high level of government control


What best states the main difference between a monopoly and pure competition?

A monopoly involves no competition at all while pure competition involves a high level of competition.