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In a capitalist economy, production is determined by free market forces such as supply and demand. In a communist economy, the government determines which goods and services get produced and how much is available at any given time.
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What is the difference between a mixed economy and a market economy?
A mixed economy is a combination of communist, market and traditional economies. A market economy basically has free reign over the production and distribution of goods and services.
What is the difference between market economy and mixed economy?
The difference between market economy and mixed economy is that a marked economy is a marked economy and a mixed economy is a mixed economy
What is the difference between a market economy and a mixed economy?
In a mixed economy, there are more government regulations.
Is china a free market economy?
No. it should be under mixed market economy
What is the difference between the mixed market economy and the pure market economy?
In a mixed-market econom, the government imposes regulations on the production of goods and services.
“ What is the difference between a pure market economy and a mixed-market economy “?
In a mixed-market econom, the government imposes regulations on the production of goods and services.
Can you explain the difference between a bull and bear market?
A bull market is when stock prices are rising, and investors are optimistic about the economy. A bear market is when stock prices are falling, and investors are pessimistic about the economy.
What is the difference between traditional economy and market economy?
In a {Traditional Economy}, economic decisions are based on customs handed down from generation to generation. In a {Market Economy} individuals make their own decisions about what to produce how to produce it & for whom to produce it.
Is Angola a free market economy?
It is an oil based Communist State.
WhaT is the difference between free enterprise and market economy?
The difference between free enterprise and market economy is that in a market economy, thr govevernment has little effect on what you do with your company, and in a free enterprise economy, the government has more control over wat goes on with the company. If you. Are over the age of 12 and you asked this, you need some help because I am 11 and I wrote this.
What is the difference between a commercial and subsistence economy?
Market economy exists near urban areas of population whereas subsistence economy is an economy where rural areas are hub of economic activities
What is the difference between a traditional and market economy?
In a {Traditional Economy}, economic decisions are based on customs handed down from generation to generation. In a {Market Economy} individuals make their own decisions about what to produce how to produce it & for whom to produce it.
