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What else can I help you with?
What are the main players in command economy?
list the main players in command economy
What are the two main types of economy?
The two main types of economy are Command and Traditional.
What are three main types of economics?
The three main types of economics are traditional economy, command economy (AKA planed or directed economy)& free enterprise economy (AKA private capitalism or the market economy)
Advantages of mining metals to the economy?
One of the main advantages to the economy is that because certain metals are running out they can be sold across countries at a high price hope this helps =)
What are the characteristic of command?
There are a few main characteristics of a command economy. These include having the government make decisions about which sections produce what products, the demand being based on the decision of the market economy, and the pricing being decided by the government.
What are the characteristics of command ecomy?
There are a few main characteristics of a command economy. These include having the government make decisions about which sections produce what products, the demand being based on the decision of the market economy, and the pricing being decided by the government.
In which income do communities generally have a low standard of living?
If you are asking what "health" an economy would it be if people have a low standard of living the answer is a depression. If you are wondering which type of economy breeds low standards of life this becomes a more politically motivated question. There is great debate to what kind of economic system would benefit which countries. In order to fully understand the influence of the economical system over any given country you must fully understand what their main industry is and what kind of industry and production they can attain as well as what their population and state of wealth and governmental tendencies are. In most modern developed countries the type of economic system that would lead to a low standard of living would be a command economy. A command economy is an economy that is deeply influenced by political thought and government agencies. The government makes it hard for individual people to have a share in business and the main sources of income and production are government regulated or run. This is the exact opposite of a free market economy where everyone has equal opportunity. A command economy would likely be the result of a communist governmental control.The traditional economy is the communities that generally have low standard of living. This are people are called middle class.
Chinas economy is known as a what economy?
China's economy is known as a command system, or a socialist economy. This means that the wealth of everyone in China's work force is evenly distributed amongst everyone in the country. This poses a problem for people's incentive to work which is the main flaw in this type of economy
What are some disadvantages of the Market Economy?
The market economy has many advantages, but it also has its share of disadvantages. Two of the main disadvantages are that this type of economy can be very unstable and it tends to cause a large gap in the distribution of income.
Is barter the main means of exchange in command economy?
No, barter is not the main means of exchange in a command economy. In such economies, the government typically controls production and distribution, determining what goods and services are available and their prices. Currency is usually used for transactions, but the government may heavily regulate or control the flow of money. Barter may occur informally, but it is not the primary method of exchange.
What are disadvantages of market economies?
The market economy has many advantages, but it also has its share of disadvantages. Two of the main disadvantages are that this type of economy can be very unstable and it tends to cause a large gap in the distribution of income.
What are some disadvantages of market economies?
The market economy has many advantages, but it also has its share of disadvantages. Two of the main disadvantages are that this type of economy can be very unstable and it tends to cause a large gap in the distribution of income.
