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Mixed and market

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13y ago

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A mixed economy combines elements of which two economic systems?

Market and command


What are two major econmic systems?

Capitalism, socialism, and communism are major economic systems.


Is Capitalism is another word for a command economy?

No, capitalism is not another word for a command economy. Capitalism is an economic system characterized by private ownership of resources and the means of production, with market forces primarily determining supply and demand. In contrast, a command economy is centrally planned, where the government makes decisions regarding production and distribution of goods and services. These two systems represent opposite approaches to economic organization.


What is dual economic?

what is dual economic?A dual economy is the existence of two separate economic systems within one country, a concept created by Julius Herman Boeke. Dual economies are common in less developed countries, where one system is geared to local needs and another to the global export market.


What two economic systems were created in the 1600 and 1700?

commerse enquizitions


What are panamas two major economic systems?

sorry i don't know


What two economic systems have African leaders advocate?

Capitalism and Socialism


What are the basic economic question?

Basic economic questions would include the following: What works better, a centrally planned economy or a free market economy, or some mixture of the two? If you use a mixture, which economic model should predominate? Which works better, money or barter? If you use money, should it be Fiat currency or should it be backed by precious metals? Is globalization good or bad? How can nations protect themselves from the competition of other nations that have lower standards of living, less economic regulation, and therefore cheaper labor? How can an ever-expanding population continue to create new economic opportunity in a world which is of a fixed size? What do we do when Natural Resources run out? How can we prevent destructive economic fluctuations such as recessions and depressions?


What two macro-economic indicators would you recommend watching to assess the economy's condition over the next six months?

what two macro-economic indicators would you recommend watching to assess the economy condition over the next six months


What two economic systems clashed during the cold war?

communism and capitalism


What two economic systems were in competition during the cold war?

Communism & Democracy


What is the relationship between political economy and culture?

Political economy and culture are interconnected in that political and economic systems shape cultural practices and values, while culture influences political and economic behavior. Economic structures can dictate access to resources and power, affecting cultural expressions and social norms. Conversely, cultural beliefs and values can impact economic policies and political ideologies, creating a dynamic interplay between the two. This relationship highlights how societal conditions and cultural contexts can shape and be shaped by economic and political forces.