0
What else can I help you with?
In which type of economy would prices be set by the government?
command economy
How does resources are allocated in Mixed economy?
Some decisions are taken by the households ad firms, like in a free market economy. Whilst some decisions and resource allocation policies are set by the government.
Which is not a feature of a market economy?
The price a consumer pays is set by the government. A+
What does market economies mean?
it is when the people who live somewhere were they have a market economy they are allowed to set prices and things within the market business, government doesn't have a say with what they do and their business`
In this type of economy the price consumers pay is set by the government?
67
What type of economy best fits this description The price consumers pay is set by the government.?
Controlled
How did autocratic government effect Russia?
The government set the nation back several centuries, and gave rise to some terrible dictators who did poor things for the humanity of Russia.
Which has the strongest economy in Africa?
Nigeria has the strongest economy in Africa. The only set back that Nigeria has is that it is yet to have strong economic/government policies in place to stablize the economy. But no doubt, Nigeria has the strongest economy.
How are resources allocated in mixed economies?
Some decisions are taken by the households ad firms, like in a free market economy. Whilst some decisions and resource allocation policies are set by the government.
Why the government is a stakeholder?
A stakeholder is someone who has an interest in a business. The government is interested in businesses as they set out the regulations and need the businesses to do well to kepp the economy healthy.
Why is the mixed economy the best for the country?
In a mixed economy, the free market still has competition to improve the product as well as set prices, while the government can intervene to make sure that companies cannot harm customers by making sure that companies cannot do things like put lead in their products.
What kind of government and economy does the US have?
The United States of America, as of 2008, has a market economy. We can sell freely, set prices freely, and make freely as long as we go by the laws.An alternative answer: The US has a "mixed economy". This means that there are some aspects of the economy that are driven by open market forces (private forces) and there are other aspects that are driven by government regulation (public forces). One example of government control of the economy occurred during President Richard Nixon's term when he and Congress instituted wage and price controls on a vast number of items. Prices of certain goods and wages of certain employees were not allowed to rise beyond certain percentages. This law no longer applies, but the government still has the power to control these things should it wish to. One example in New Jersey is that gasoline stations are not allowed to raise their prices more than twice in a single 24 hour period. To say that we can set prices freely as long as we go by the laws admits that we cannot set prices freely if those laws restrict the fixing of prices.
