0
What else can I help you with?
What motivates the command economy?
Command economies are motivated by the government, which institutes how the economy will work.
In which type of economy are these decisions made solely by the government?
In a command economy, decisions regarding production, investment, and distribution are made solely by the government. The state controls all economic resources and determines what goods and services are produced, how they are produced, and who receives them. This system contrasts with market economies, where decisions are driven by individual consumer preferences and market forces. Command economies are often associated with socialist or communist political systems.
What do command economies emphasize?
Command economies emphasize government allocation of production.
What determines the optimal level of production in command economies?
The optimal level of production in a command economy is determined by the central planners and is consistent with government objectives rather than being a function of consumer desires.
What are the econimes market and command?
what are command economies
Are command economies dictatorships?
no
What are the three main types of economies?
Command, traditional, and market economies
Why are economies never purely market or command economies?
Neither purely market nor purely command economies can adequately answer the basic economic questions in every situation. -Plato
What kinds of economies did Eastern European countries have before the fall of communism?
command economies
What Caribbean country has command economy?
Cuba is one of the command economies in the Caribbean.
What feature stands out the more in market economies than in other kinds of economy's?
In market economies, the most prominent feature is the mechanism of supply and demand, which determines the prices of goods and services. This dynamic allows for consumer preferences to shape production and innovation, fostering competition among businesses. Unlike command or planned economies, where prices and production are often controlled by the government, market economies rely on individual choices and voluntary exchanges, leading to greater efficiency and variety in the marketplace. Additionally, the profit motive drives entrepreneurs to create new products and services, further distinguishing market economies.
Is there a pure command and pure market economies?
no
