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Command Market Economy has serious drawbacks. First free enterprise and innovation can be stippled. Second, demand of consumers/citizens often will exceed the supply of government services-products.
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What political models does china follow?
Although China has a state directed economy, they show free market tendencies. Scholars now maintain that China has developed a State Capitalist economy.
Why market economies stimulate greater economic growth whereas state-directed economies stifle growth?
I think that because market economy is and economic system in which the interaction of supply and demand determines the quantity in which goods and services are produced, whereas state-directed economy refers to an economy in which the state plays a proactive role in influencing the direction and magnitude of private-sector investments.
What are the pros and cons of hydrogen economy?
Aye
Does Nigeria have a market economy?
is nigeria a market economy, or a custom based economy, or directed.
What is a government directed system intended to mobilize?
Planned Economy
Which countries has directed planned economy?
china cuba
Is there a tax incentative for hiring ex-cons?
Yes, the State of Maryland and the State of Vermont hire ex-cons.
Is construction a good career to get into presently based on the economy?
No, construction is a good career to get into presently based on the economy. You can read about the pros and cons at www.bizbabble.org
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)
What is the economy of Washington state?
is the basis of Washington state economy is wildressources
What are some pros and cons of mixed economy?
Pros: state and private ownership maximizes social welfare competition to obtain products Cons: Taxes harmful products being made
What are the pros and cons of a structured annuity settlement?
PROS: Tax benefits, forced income preservation, protected by state insurance laws, and funds are managed professionally. CONS: Unknown changes in the economy could affect the settlement, funds could be poorly managed, all money isn't available immediately.
